Spire Global Shares up After Satellites Launch on SpaceX Mission

Dow Jones
Yesterday
 
 

Shares of Spire Global gained after three of its satellites built at its manufacturing facility launched on SpaceX's Transporter-18 rideshare mission on Thursday.

The company's shares rose 2.4% to $11.23 in premarket trading.

"The successful deployment of the first satellites built at our Boulder facility marks an important milestone in expanding Spire's ability to support U.S. national security missions," Chief Executive Theresa Condor said.

The satellites were part of a mission that hitched a ride along with SpaceX's Falcon 9 rocket flying from Vandenberg Space Force Base in California. There were 130 payloads on the flight, including cubesats, microsats, hosted payloads, and two spacecraft with re-entry vehicles and four orbital transfer vehicles carrying 41 of those payloads to be deployed at a later time, according to SpaceX's website.

Paired with production capabilities in the U.K. and Europe, Spire said it offers a total capacity of 300 to 400 satellites annually.

 

Write to freddy.sebastian@wsj.com at

 

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10