Spire Global (SPIR) is trading 8.6% up today at $25.79 after announcing a major strategic partnership with German motion technology company Schaeffler AG to develop sovereign European space infrastructure.
- The companies signed a Memorandum of Understanding to develop space hardware subsystems, satellite platforms, and advanced sensing capabilities.
- The partnership aims to establish a European standard for space-industrial capability, focusing on missions for defense, weather, and civil security.
- This news extends a strong multi-day rally that was also fueled by a recent aircraft-tracking deal with Amadeus (announced May 19) and an expansion into energy-trading data services (announced May 21).