Spire announces a $1.6b IPO

Image Credits: Spire Global

Spire Global publicized its plans to IPO via a SPAC at a targeted $1,6b pro forma enterprise value. CEO Peter Platzer is building the world’s leading weather data company supporting Net Zero goals and Climate Change adaption. Expon has been proud to participate over the last two fundraising rounds. Current funding will go to expand its data-first business model serving best-in-class data across maritime, aviation, and weather customers. The SPAC merger with NavSight Holding is projected to include $475m in fresh funding from Tiger Global, BlackRock, and Hedosophia and plans to list the entity as SPIR on the NYSE.

Some press coverage :

Satellite constellation operator Spire Global to go public via $1.6 billion SPAC

Spire Global joins rush to public markets with $1.6 billion SPAC deal - SpaceNews

Satellite data company Spire goes public via SPAC, adding to a growing list of public space plays