Space data and analytics company Spire has started trading its shares on the New York Stock Exchange. The company, whose European headquarters are located in Luxembourg, aims at enhancing its ability to provide clients with more data faster.
With over 100 nanosatellites in orbit, Spire has one of the world’s largest constellation of radio frequency-listening satellites in orbit just above the Earth’s atmosphere. They collect rich, granular data used to track ships, planes and weather phenomena in the most remote regions of the planet.
The comprehensive data and analytics provided help clients make informed decisions with high impact in fields such as the environment, global logistics and economic sustainability.
“We are excited to embark on our next chapter as a public company”
Spire has recently completed its business combination with NavSight Holdings, Inc. aimed at taking the company public. Trading of its shares on the New York Stock Exchange started on 17 August 2021.
“We are excited to embark on our next chapter as a public company, and to continue to inspire, lead, and develop the business of space-based data,” said CEO Peter Platzer. “Building upon our fully deployed, proprietary satellite constellation and global infrastructure, we are focused on strengthening our ability to provide our customers with more data, faster, so that they can make better informed decisions about their missions and businesses, as well as some of the most pressing issues facing humanity today, including climate change mitigation and adaptation.”
European headquarters in Luxembourg
Spire opened its European headquarters in Luxembourg in 2018, attracted by the country’s SpaceResources.lu initiative and its innovative vision for the new space economy. 1/5 of its staff is located in Luxembourg and engaged in a wide range of areas including scientific research, product development and sales. The company counts the Luxembourg Future Fund among its shareholders.