Spire Global Lands ~$50M Contract For Canadian Wildfire Detection; Stock Jumps

Shares of space-to-cloud data and analytics provider Spire Global, Inc. SPIR are surging on Friday.Spire Global Canada, a division of Spire Global, has secured a C$72 million ($50.40 million) agreement with the Canadian government to create a satellite network for tracking wildfires.Spire will design and build a specialized satellite constellation to track all active wildfires across Canada from space, supporting the country’s WildFireSat mission.Spire is collaborating with OroraTech, a in space-based therm ...