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Stock impact report

Spire Global Launches Satellite to Advance Measurement of Earth’s Magnetic Field in Support of MagQuest Challenge

Spire Global, Inc. Class A (SPIR) 
US:NASDAQ Investor Relations: spireenergy.com/investors
Company Research Source: Business Wire
VIENNA, Va.--(BUSINESS WIRE)--Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of space-based data, analytics and intelligence, has successfully launched a satellite as part of the MagQuest Challenge, a prize challenge through the National Geospatial-Intelligence Agency (NGA) to advance how Earth’s magnetic field is measured, with multi-million-dollar prize awards. The satellite launched aboard SpaceX’s Transporter 16 mission.The mission combines Spire's vertically integrated satellite infrastructure with SBQuantum's first-of-its-kind diamond quantum magnetometer system to provide a novel, commercial approach to geomagnetic data collection and demonstrate diamond-powered geomagnetic data collections from low Earth orbit (LEO).MagQuest is a multi-phase open innovation challenge designed to evaluate new ideas to increase the efficiency, reliability, and sustainability of geomagnetic data for the WMM, the NGA’s representation of the Earth’s magnetic field Show less Read more
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