Spire Global stock news
On August 27, 2026, Spire Global (NYSE: SPIR) announced a two--year, $28 million contract award from the National Oceanic and Atmospheric Administration (NOAA) to advance its hyperspectral microwave sounding (HyMS) technology. The agreement facilitates the transition of HyMS from an on--orbit demonstration to a flight--ready operational system for weather forecasting. This award represents approximately 45% of Spire's trailing twelve--month revenue. Following the announcement, Stifel reiterated a "Buy" rating and a $24.00 price target, noting that the contract significantly enhances revenue execution visibility and reinforces momentum within the company's weather business segment.