Spire Global Loses Major Satellite Contract Worth 9 Months of 2025 Revenue
Spire Global (SPIR) has lost a $52.7 million satellite contract with Canada's space agency, which would have accounted for approximately 9 months of its 2025 revenue. The contract was for designing and building 10 CubeSats to monitor wildfires in Canada. The loss is a significant setback for the company, especially following recent positive analyst coverage.
Topics: contract termination space industry Spire Global wildfire monitoring