On Tuesday Spire Global announced that RDC Aviation selected Spire to supply flight data which aggregates millions of satellite and terrestrial ADS-B positions. With Spire's global constellation, they are in a unique position to supply data from remote regions of the Earth, like over oceans and the poles.

This deal moves up the value chain with the addition of terrestrial data to our satellite data and becomes what Spire refers to as “smart data” (clean data -> smart data -> predictive analytics -> solutions). As the aviation industry is recovering post COVID, $SPIR is seeing growing interest in their aviation offerings.

According to RDC, “Having been aware of Spire’s data and capabilities for some time, we knew there was the potential to enhance our applications, core data and back-office processes. However, once we started working with the team at Spire, we quickly discovered a number of unique and exciting customer-facing use-cases that will allow us to provide powerful insights for our airport and airline clients.”

On Wednesday, Spire had two replenishment satellites deployed. Given the technology improvement curve of 10X every 5 years, this is kind of like jumping from an iPhone 8 to an iPhone 14 with our two new birds. Here’s a link to the launch and deployment. Spire Global's satellites are deployed around the 1:11:00 mark.

Just this morning I Amazon announced plan to build a $120 million facility in Florida to prepare Kuiper internet satellites. This is a good example of the continuing investment in the space ecosystem. Earlier this year, McKinsey pegged the space market at ~$477 billion currently with the potential to grow to $1 trillion by 2030.

As a quick reminder, internet satellites are what we refer to as “talking” satellites and don’t compete with Spire’s “listening” satellites due to the differences in technology and use cases.

My $SPIR position was down about -5% today, but it's up nicely since I bought it at the beginning of July.