Spire Global, Inc. is a leading provider of space-based data, analytics, and space services. The company's business model centers on its proprietary "LEMUR" constellation of over 100 low Earth orbit (LEO) nanosatellites, which collect radio frequency signals that are often inaccessible to ground-based sensors. Spire monetizes this infrastructure primarily through subscription-based data and analytics services. Following the strategic divestiture of its non-U.S. maritime business to Kpler in April 2025, Spire has sharpened its focus on high-margin segments: aviation tracking (using ADS-B signals), weather and climate intelligence (using GPS radio occultation), and government/defense intelligence. Additionally, Spire operates a "Space-as-a-Service" business, allowing commercial and government clients to deploy their own payloads, sensors, or software on Spire's satellite bus via an API, significantly reducing the cost and time to reach space. The company generates recurring revenue from a diverse global customer base, leveraging its unique orbital vantage point to deliver critical insights for operational efficiency, climate risk mitigation, and national security.
