Spire Global Inc

Spire Global, Inc. has been awarded a two-year, $28 million contract by the National Oceanic and Atmospheric Administration (NOAA) to advance hyperspectral microwave sounding technology toward operational use for weather forecasting. Under the agreement, Spire will build and qualify a matured satellite and hyperspectral microwave sounder payload through flight readiness, tailored to an orbit supporting NOAA's forecasting needs and enabling analysis of the impact on numerical weather prediction and resilience to radio frequency interference. This award follows Spire's launch of its first-of-its-kind HyMS demonstrator in January 2026 and a $3 million contract extension from NOAA earlier this month for continued evaluation of demonstrator data. The new agreement expands that work, targeting operational capability no later than 2030, and represents a step toward demonstrating that advanced hyperspectral microwave sounding can be delivered from a smaller, commercially developed satellite platform.

Spire Global reaffirmed its full-year 2026 revenue guidance of $75 million to $85 million while negotiating an eight-figure contract with a U.S. government agency tied to its Hyperspectral Microwave Sounder capability. Second quarter revenue was $18 million, up 16% year-over-year on a core basis excluding the divested maritime business, and adjusted EBITDA was negative $8.6 million, a 16% improvement from a year earlier. The company said over 85% of the midpoint of its revenue guidance was under contract as of the end of July, and it expects a radio occultation bridge award from NOAA in August that will be larger than last year's $11.2 million. Non-GAAP gross margin fell to 38% from 52% a year ago, primarily due to the cancellation of the WildFireSat contract, and Spire ended the quarter with about $92 million in cash and no debt.

Spire Global has successfully launched ten satellites aboard SpaceX’s Transporter-17 rideshare mission. The satellites were integrated by Germany’s launch integrator Exolaunch. Two of the satellites are for GHGSat to monitor greenhouse gas emissions, expanding its constellation for high-resolution methane detection; Spire has now manufactured and operates a total of seven satellites for GHGSat. The mission also included seven satellites for Spire Space Services customers and one satellite to replenish Spire’s own constellation.