Spire Global stock news
On August 27, 2026, Spire Global (NYSE: SPIR) secured a $28 million, two--year contract from the National Oceanic and Atmospheric Administration (NOAA) to advance hyperspectral microwave sounding technology. The agreement transitions the program from data evaluation to hardware development, with Spire tasked to build and qualify a matured satellite and payload for operational weather forecasting. Following the announcement, Stifel reiterated its "Buy" rating on the stock with a $24.00 price target, noting that this award represents Spire's largest disclosed NOAA contract of the year and underscores its expanding role in federal meteorological infrastructure.