This Small-Cap Space Stock Could Be a Long-Term Moonshot
Spire's streamlining efforts and accelerating growth deserve more attention.
Overview
Spire Global (NYSE: SPIR), a satellite-based data and analytics company, went public through a merger with a special purpose acquisition company (SPAC) five years ago. Its stock opened at a reverse-split-adjusted price of $83.36 on the first day, but now trades at about $13 per share.
Image source: Getty Images.
Like many other SPAC-backed space companies, Spire overpromised and underdelivered. But its business -- which collects data across its own proprietary constellation of nanosatellites and sells that information through space-as-a-service subscriptions -- is still growing.
Details
Source
Originally published at www.fool.com.
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