Spire Global CEO Peter Platzer expects commercial and government demand for space data and analytics to surge in the coming years, offering enormous growth potential for the firm, which began trading shares publicly in August.
Newly listed small satellite constellation operator Spire Global is buying Canadian ship-tracking company exactEarth in its first major acquisition, inflating expectations of more space consolidation amid a surge of companies going public.
Spire is wading deeper into the ship-tracking business, challenging established competitors operating fleets of much bigger satellites.
Harris Corp. and Canada’s exactEarth are establishing a space-based constellation of more than 60 maritime-tracking sensors to enable government and commercial customers to pinpoint the location of ships around the world nearly instantaneously.
Satellite machine-to-machine and Internet of Things services provider Orbcomm Inc. on Aug. 4 reported double-digit increases in quarterly revenue and gross profit and said its recent agreement with a Chinese conglomerate could open a vast new market for the company.
A battle between two companies over what they thought would be a large contract with the Canadian government for satellite-based maritime surveillance turned out to be a contest for peanuts in which the winner appeared to suffer more than the loser.
Canadian satellite maritime surveillance data provider exactEarth Ltd. on Feb. 9 debuted as an independent company and will get an early indication of its competitiveness in the coming weeks when the Canadian government decides a large contract.
Satellite component builder Com Dev of Canada and partner Hisdesat of Spain are selling 40-45 percent of their jointly owned exactEarth space-based maritime surveillance company in an initial stock offering expected to yield 88 million Canadian dollars ($69.2 million).
The partnership between exactEarth of Canada and Harris Corp. of the United States to place maritime data-collection payloads on 58 Iridium Next low-orbiting satellites is structured so that each company benefits from the other’s commercial success, according to exactEarth.
Harris and exactEarth announced a partnership in which Harris will use exactEarth technology to mount ship-monitoring payloads on Iridium Next satellites.