Spire leads with Geo Satellite Technology

Spire Technology

The Satellites used are CubeSats made from small commercial units. Having high capacity and low cost. Its group of Satellites enable accurate location and tracking of Tankers. And the weather conditions around them.

Enhancing this cost-effective technology with data analytic tools. That allow the engineering team to perform analysis. With photographic proof to confirm the right Tanker has been found.

The physical size of the Tanker is added to the photos and its speed checked. 3D slicing allows confirmation of the cargo on board. Using Internet of Things (IoT) Sensors attached to all parts of it. Programming these Sensors to match the cargo by type. This allows envelopes of the container bays to be confirmed by the Tankers owners.

This helps the owners to contact their insurers with a status report on the Tanker. Before a News leak to Newspapers and TV Stations around the World by the Pirates.

Why Spire picked Luxembourg

LUXEMBOURG CITY — An agreement between Spire seeking to grow its capabilities. With a government looking to grow and expand the space industry here.

San Francisco-based Spire Global announced it will establish a European headquarters in Luxembourg. Will support engineering, data analytics and business development work.

Luxembourg Ministry of Finance, John Holloway, a board member of the LFF. The fund’s investment made by partnering with the initial U.S.-based VC investor. Who has backed Spire since its launch and invested in the $70 Million series C.

The Government allocated 200 million Euros through its SpaceResources.lu fund. To encourage VCs like RRE Ventures to be joint investors in Spire.

Hiring the NASA Ex-Director of Partnerships. As the Advisor to its Office of Space Affairs. Ensured the New Space Europe conference was in Luxembourg. By formalizing our relationship with Spire. We continue our government’s three-decades of history. In attracting ground-breaking companies in this sector.

Spires’ Business Growth in Luxembourg

Spire Global continues its global expansion. Opening the new Luxembourg office. The Luxembourg Future Fund (LFF) participating in Spire’s $70m Series C financing round.

The diversification and sustainable development of the Luxembourg economy. Supported by the European Investment Fund (EIF). The Société Nationale de Crédit et d’Investissement (SNCI). It combines a EUR 120 million contribution from SNCI and EUR 30 million from the EIF.

Within the framework of the cooperation agreement. The Luxembourg Government will provide funding through the Luxembourg space program (LuxIMPULSE). This will provide other types of R&D grants to Spire. For research and development activities taking place in Luxembourg by Spire. This will help Spire expand their teams and complete more projects.

Their robust yet supportive regulatory environment for New Space companies. Coupled with incredible open access to international talent and targeted investment vehicles. Made Luxembourg an obvious choice for our expansion said Spires’ CEO Peter Platzer.