other material
confidence high
sentiment negative
materiality 0.85
Spire Global loses Can$71.8M WildFireSat contract; Canada terminates for convenience
Spire Global, Inc.
- Contract to design/develop WildFireSat constellation for Canadian Space Agency terminated for convenience effective immediately.
- If all milestones met, contract aggregate value was Can$71.8 million including harmonized sales tax.
- Company may submit a settlement proposal for termination costs by May 7, 2026.
- Termination by Minister of Public Works and Government Services Canada, effective April 23, 2026.