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Spire Global ( (SPIR) ) has issued an update.
On April 25, 2025, Spire Global completed the sale of its maritime business to Kpler for approximately $233.5 million. The transaction included a $7.5 million agreement for transitional services. The proceeds from the sale were used to eliminate all outstanding debt, with the remaining funds earmarked for investment in growth opportunities. This strategic move is expected to enhance Spire’s financial position and allow the company to focus on its core space-based data and analytics services. The sale also involved a settlement agreement with L3Harris, resolving previous disputes and contributing to the financial adjustments of the transaction.
Spark’s Take on SPIR Stock
According to Spark, TipRanks’ AI Analyst, SPIR is a Neutral.
Spire Global’s overall stock score reflects its strong revenue growth and strategic positioning in the defense sector. However, significant challenges such as high operating losses, cash flow issues, and financial instability weigh heavily on its outlook. The technical indicators suggest some short-term momentum, but the valuation remains unattractive due to negative profitability metrics. Recent corporate actions provide some positive momentum, but the ongoing legal proceedings add uncertainty.
To see Spark’s full report on SPIR stock, click here.
More about Spire Global
Spire Global, Inc. is a global provider of space-based data, analytics, and space services. The company operates a satellite constellation that provides real-time Earth observation using radio frequency technology. Spire’s offerings include global weather intelligence, tracking of ship and plane movements, and detection of spoofing and jamming. Additionally, Spire provides Space as a Service solutions, enabling customers to utilize its infrastructure for space-based operations. The company has offices in the U.S., Canada, UK, Luxembourg, Germany, and Singapore.
YTD Price Performance: -33.61%
Average Trading Volume: 712,507
Technical Sentiment Signal: Buy
Current Market Cap: $312.4M
Learn more about SPIR stock on TipRanks’ Stock Analysis page.