Recent Updates — SPIR
Spire Global reported second quarter 2026 revenue of $18.0 million, a 6% year-over-year decline primarily due to the divestiture of its maritime business in April 2025; excluding that unit, revenue grew 16%. The company posted a net loss of $20.0 million compared to prior year income of $119.6 million, which included a $154.3 million gain on the sale of that business. Adjusted EBITDA improved to ($8.6) million from ($10.2) million in the prior year period. Spire reaffirmed its full-year 2026 revenue guidance excluding maritime sales at $71.6–$81.6 million, representing over 50% growth from 2025 levels. The company maintains a debt-free balance sheet with $91.7 million in cash and marketable securities as of June 30, 2026. Spire Global operates in the commercial space industry, providing satellite data, analytics, and intelligence.
Spire Global, Inc. announced that an arbitral tribunal issued a Final Award on July 31, 2026, in its favor against customer NorthStar Earth & Space, Inc., totaling approximately $12.4 million. The award dismissed all of NorthStar's claims for damages and granted Spire's counterclaims regarding a $4.5 million promissory note and associated legal costs. The payment is immediately due and payable, though the company cannot predict recovery timing or amount. Spire Global operates in the space services industry, providing data analytics derived from satellite observations.
Spire Global, Inc. announced the appointment of Eric Mellinger as Chief Commercial Officer, effective August 3, 2026. Mr. Mellinger joins from Mantech International Corporation, where he previously held several senior leadership roles in the defense and space sector. His compensation package includes an annual base salary of $385,000, an 80% target annual cash bonus, and a grant of 150,000 restricted stock units. Spire Global, Inc. is a global provider of space-based data, analytics and space services.