Tag: Spire

NASDAQ gives two more space companies delisting warning

10:25 pm

NASDAQ yesterday told the space companies Momentus and Spire they have six months to get their stock price over $1 or the stock exchange will delist each.

Small satellite builder and data specialist Spire Global received a notice from the New York Stock Exchange, while spacecraft delivery company Momentus received a notice from the Nasdaq. Under the respective exchanges’ compliance rules, the companies have 180 days, or about six months, to get their stock prices back above $1 a share.

Spire’s stock closed at 69 cents a share on Friday, having first slipped below $1 a share on Mar. 7. Momentus’ stock closed at 63 cents a share, slipping below $1 a share on Feb. 7.

Both companies now join Astra under the same threat. Both also have indicated they will consider a reverse-stock split, combining stocks to reduce the total number in order to bring the price above one dollar.

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Spire offers way to track ships even when they are trying to hide

12:44 pm

The smallsat company Spire is now offering what it calls its ‘Dark Shipping’ and ‘Spoofing’ Detection” option, using its 100-satellite constellation to track ships even when they are trying to hide.

Spire says the new dark shipping detection solution taps into the company’s constellation of more than 100 satellites to provide near real-time global AIS [Automatic Identification System] message position validation to uncover suspicious activity and pinpoint a vessel without the need for an approximate location.

“For a long time, having the tools to accurately identify and track ships that are attempting to hide their activities or location has been the missing key to preventing sanctions evasion, illegal fishing, human trafficking and many more pressing societal issues,” said Peter Mabson, CEO, Spire Maritime.

Hat tip to Robert Pratt of Pratt on Texas, who emailed me this press release and noted that this was “just one example of how lower launch costs are driving new things most would not guess.”

To me, this is both good and bad. Spire’s tracking capability gets it another way to make money as well as to track illegal activity. It also allows governments another way to track everyone to keep them from doing anything the authorities dislike.

When we had a government that saw itself as the servant to the people, I would not be so worried about the latter. With our present corrupt government, misuse of this information by those in power is now a real concern.

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Federal bureaucracy prevents satellite launch

8:33 am

We’re here to help you! A suite of 8 private commercial cubesats that the Air Force had agreed to launch as secondary payloads on the August 26 launch of a Minotaur rocket were blocked from launch by FAA bureaucracy.

The “interagency partner” that appeared to raise objections was the Federal Aviation Administration, which issued the launch license for the mission. “The Federal Aviation Administration (FAA) did not approve Orbital ATK’s request for a license modification to include commercial cubesats on the upcoming ORS-5 launch mission,” Guthrie said. “As a result, Orbital ATK decided not to include commercial cubesats on the launch.”

Asked if the FAA placed any conditions or restrictions on the ORS-5 mission launched on the Minotaur 4, agency spokesman Hank Price said the FAA issued Orbital ATK a license Feb. 10 to launch government payloads on the Minotaur 4 from Cape Canaveral. The launch license contains any and all conditions on the license, Price said, and the FAA does not comment on the “existence or status of launch license applications or modifications until the FAA makes a final decision regarding those requests.”

Industry sources believe the FAA never formally rejected a proposed license modification for the cubesats because it did not go through the official process, but it was informally clear that the agency would have rejected such a modification had it been formally submitted.

Spire officials are trying to figure out why there was any issue at all about commercial cubesats on this launch. “If Spire chose this launch in the place of another commercial offering, I would understand the industry’s concern about fair competition,” Barna said. “But no existing U.S. launch company or new entrant was offering a similar launch. The fundamental intent of the policy is to keep competition fair, and competition just wasn’t a factor here.”

Spire’s problems here demonstrates the difficulties smallsat companies have getting their satellites in orbit, which explains the emergence of a new smallsat rocket industry. The company’s difficulties also illustrates why the launch industry should always be opposed to giving too much regulatory power to government. In this case it really appears that the launch license was denied merely because the bureaucrats involved with approving it at the FAA simply didn’t want to bother dealing with it.

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Cubesat company raises $80 million

8:56 am

The competition heats up: Spire, a cubesat satellite company focused on data gathering from space, has raised an additional $40 million in investment capital, bringing the total it has raised since 2012 to $80 million.

With the new funds, the company will support further growth and expand its constellation from 20 satellites in 2015 to more than 100 by the end of 2017.

The latest round of financing comes at a time when the need for advancements in weather and maritime data is at an all-time high. With the potentially catastrophic 2016 Weather Gap right around the corner, Spire offers a solution to the $2.4 trillion dollar global problem. Emerging as a leader in the ‘Space Race 2.0,’ Spire is the only commercial weather data provider with scheduled launches in 2015. The company will begin deploying its satellites on a near monthly basis beginning September 2015.

Though the company is willing to gather data in more ways than just weather, its offer to provide weather data suggests that the transition from government to private weather satellites is soon approaching. And there is no reason it shouldn’t. Weather data is very valuable. Just as private cable companies put up satellites to provide communications, so should weather outlets like the Weather Channel. It will pay for itself, and will likely provide us better data than any NOAA satellite.

In addition, this story indicates once again that the age of cubesats is now upon us.

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Privately-built weather satellite constellation to be built

9:25 am

The competition heats up: A private company, dubbed Spire, has announced its intention to launch a 20-satellite constellation of weather satellites, all cubesats, by the end of 2015.

Spire raised $25 million in Series A funding during the summer of 2014, bringing its total amount to $29 million. The company already has customers in a variety of verticals, but Platzer said weather was planned to be a focus from the company’s inception.

…With the U.S. National Oceanographic and Atmospheric Administration (NOAA) facing an impending weather data gap, an increasing amount of focus has been placed on leveraging commercial options as well. Last year NOAA issued a Request for Information (RFI) on RO that piqued interest from the commercial sector. Congress has also urged the agency to leverage private sector capabilities.

For years I argued that there is no justification for the federal government to provide free weather satellite data to private companies like the Weather Channel. There is more than enough profit to be made tracking and predicting the weather for these companies to launch their own orbiting networks, just as the television and communications industries do. Thus, it is good to see a new start-up take advantage of this need and to push to make a business out of it.

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