(Oc)cult Stock Today, Mainstream Tomorrow
Spire Global. Because video won't kill this radio star.
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The 12 Step Program
Spire Global, Inc ( SPIR 0.00%↑ ) has committed no felony, but it was in the vicinity of the many antisocial activities committed by fellow members of the SPAC Class of 2020/21. And its stock has been tossed in gaol merely for the crime of association. Well, that and the market has dumped most everything in 2022, so, why not a cash-eating thinly-capitalized space-sector wannabe. Right?
Wrong.
Spire was a real company long before the SPAC IPO window opened and although you will pay a bigger valuation for hopes-and-dreams names like AST Space Mobile ( ASTS 0.00%↑ ) (even the name should make you run a mile!), owning Spire today means owning a piece of a company that is on a mission, pun intended, to succeed.
Spire provides earth observation data to mainly government customers, using the RF portion of the electromagnetic spectrum rather than the optical range. ‘Radio occultation’ specifically, which is a very clever spin on using low cost transmission methods to reduce the number of satellites you need in orbit at any one time.
Being an RF observation system, you won’t see photos on the news that they have taken of missile sites, but the weather data upon which Big Farmer and governments alike depend may very well be sourced from Spire’s fleet of cubesats.
We think this one can be big. For our paying subscribers we lay out our views below together with our analysis of the earnings the company posted yesterday after the bell, and our take on the stock chart (which contains some interesting clues about who is doing what with this name).
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