Spire Global stock news
On June 12, 2026, industry reports detailed a lack of transparency following a Canadian Space Agency (CSA) briefing to the House of Commons regarding the termination of Spire Global Canada’s $72 million (C$71.8 million) WildFireSat contract. CSA President Lisa Campbell confirmed a program "reset" toward an agile procurement model, following the "termination for convenience" of the Spire agreement in April. This development confirms the permanent loss of a significant multi--year revenue stream, increasing the company's reliance on its expanding European defense partnerships and RF geolocation services to meet its 2027 EBITDA breakeven targets.