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Satellite company Spire Global plans to expand with new funds
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A Lemur-2 satellite built by California-based Spire Global is shown in processing by the European Space Agency during a recent mission. Photo courtesy of European Space Agency
March 8 (UPI) A San Francisco company with about 100 satellites in orbit for weather and transportation monitoring has plans to expand after listing its stock for public trading this summer.
Spire Global is confident it can use its existing satellites to produce much more data and attract new customers with $475 million in cash it expects to raise by going public, CEO Peter Platzer said in an interview last week.