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SPIR News
SPIR Events
Dow Falls, Nasdaq Hits New Record Highs
Major indices had a mixed day, with the Dow Industrials falling, the Nasdaq rising to new record highs, and the S&P 500 ending the day flat as oil prices eased for the sixth consecutive session. Iran reportedly offered to reopen the Strait of Hormuz within seven days, while Saudi Arabia is also reportedly planning to resume its East-West pipeline as soon as this week, keeping WTI Crude Oil contained below $90 per barrel. The Energy sector was once again one of the bigger decliners, though the most pronounced amount of selling was in Financials, where flatter yield-curve pressure and a new AI-disruption narrative weighed on sentiment. Tech was mixed as well with outsized gains in Memory and Semiconductor stocks balanced by losses in SaaS names. Micron, Sandisk, and Monolithic Powerwere the best-performing stocks within the tech sector in the benchmark. In the opening hour of the evening session, index futures are little changed.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Worthington Enterprisesup 16.2%ALSO HIGHER -IonQup 10.7% after demonstrating end-to-end real-time quantum error decoderSpire Globalup 1.6% after $33.2M NOAA contractMicrosoftup 0.3% after being upgraded to Buy at StifelDOWN AFTER EARNINGS -KB Homedown 1.9%ALSO LOWER -InnovAgedown 11.1% after offering common stockZenta Group Company Limiteddown 7.5% after mixed shelf offeringVoyager Technologiesdown 6.7% after offering $350M in convertible senior notes
Spire Global Awarded $33.2 Million Task Order by NOAA
Spire Global was awarded a $33.2 million task order by the National Oceanic and Atmospheric Administration, NOAA, for a two-year period of performance beginning December 1, 2026, to December 1, 2028. Under the agreement, Spire will deliver global navigation satellite system radio occultation (GNSS-RO) data, including RO profiles with Temporal Resolution Enhancements that provide a broader range of time sampling. The task order includes additional unfunded surge-buy options that could bring its total potential value to approximately $66 million over the two-year period, if fully exercised.
SoftBank Plans Up to $20B Bond Offering for Refinancing
Funding momentum in AI infrastructure and next‑generation interfaces continues, with Groq and Wispr AI both securing major rounds that push their valuations deeper into unicorn territory.This week's private company news:SoftBankis talking with investment banks about a potential $10B-$20B bond offering to help refinance a loan for itsinvestment in OpenAI, Bloomberg's Laura Benitez and Janice Huang. Proceeds from the sale would partly be used to repay a $40B bridge loan secured earlier this year for its OpenAI investment, and also for other AI investments, according to people familiar with the matter. The offering could be denominated in dollars and euros and could come as early as September, the people add.Anthropicis preparing to pitch amore than $30T total addressable marketin its IPO, surpassing SpaceX's $28.5T estimate and underscoring the exceptionally ambitious growth expectations embedded in AI valuations, The Wall Street Journal's Corrie Driebusch. Anthropic could aim to raise as much as $100B in its offering and is aiming for a valuation of about $2%, the report says.Smart ring makerOurawants up to$3B in its IPOand is targeting avaluation of over $16Bfrom the public listing, Bloomberg's Bailey Lipschultz and Mark Gurman report, citing people familiar with the matter. The IPO could happen as soon as September, the authors note.Some of the biggest capital raises by private companies this week include:Groq– The company announced a $350M Series A fundraise, with the round led by Disruptive, with planned participation from Nvidia. The funding round values the company at $3.5B. This latest round, together with $650M raised in June 2026, brings recent funding in the company to $1B. Publicly-traded companies operating in the same space include Nvidia, AMD, and Broadcom.Wispr AI– The company has raised $280M in Series B funding at a $2B valuation, led by long-time investor and partner Menlo Ventures. They are joined by existing investors Notable Capital, NEA, Neo Ventures, 8VC, and MVP Ventures. Publicly-traded companies operating in the same space include Meta Platforms, Alphabet, and Microsoft.Muon Space– The Mission Foundry for high-performance satellite constellations announced a $250M Series C led by Eclipse Capital, with participation from Galvanize, Google, Salesforce Ventures, Wellington Management, I Squared Capital, Woven Capital, Radical Ventures, Congruent Ventures, Costanoa Ventures, Activate Capital, ACME Capital, ArcTern Ventures, and Overlap Holdings. Publicly-traded companies operating in the same space include Iridium, Spire Global, and Trimble.Starcloud– The company pioneering data centers in space has announced a $250M Series A extension funding round at a $2.3B post-money valuation. The round was led by Manhattan West. Publicly-traded companies operating in the same space include Viasataand AST SpaceMobile.Emerald AI– The company announced it has raised $150M in an oversubscribed Series A financing at a valuation of $1.05B. Energize Capital and DCVC co-led the round. The round was led by Manhattan West. Publicly-traded companies operating in the same space include Palantirand Amazon.Unicorns to watch this week:Halter– The cattle tech/AgTech company has significantly expanded its scale in 2026, raising $220M in a Series E at a $2B valuation, more than doubling its prior valuation. The company now has one million smart collars sold and is operating across three continents, with U.S. ranchers building 60,000 miles of virtual fencing using its system. Publicly-traded companies operating in the same space include Zoetis.Decagon– The AI customer support agent company valuation has tripled to $4.5B following a $250M Series D led by Coatue and Index Ventures. Publicly-traded companies operating in the same space include Salesforce, Freshworks, and HubSpot.Zama– The cryptography/blockchain infrastructure remains the first unicorn in the FHE space, with its Series B round establishing a valuation around $1B. The company continues to push encrypted computation and confidential smart‑contract infrastructure, making it one of the most closely watched cryptography startups in 2026. Publicly-traded companies operating in the same space include Inteland AMD.Colossal Biosciences– The biotech "de-extinction" continues to attract major investor attention as it advances its synthetic biology platform and de extinction programs. Publicly-traded companies operating in the same space include Ginkgo Bioworksand Twist Bioscience.Breeze Aviation Group– The company remains a private standout in U.S. aviation, expanding its fleet and underserved route strategy. Breeze continues to benefit from strong seasonal demand and its growing Airbus A220 footprint, keeping it in focus as a next generation low cost carrier. Publicly-traded companies operating in the same space include Southwest Airlinesand JetBlue Airways.IPOs to watch:OPENAI– The company's CFO Sara Friar told employees that the AI lab "will be a public company in 2027," CNBC's Ashley Capoot and Kate Rooney report. In an all hands meeting, Friar told employees not to worry about rival Anthropic's IPO timeline. OpenAI confidentially filed its IPO prospectus with regulators in June, but it has not publicly disclosed its plans. "The IPO is not a finish line, it is a milestone, another fundraise," Friar told employees, according to two sources familiar with her comments. "We raised $122B in March, and that gives us flexibility."EvoAir Holdings– The company has filed for a firm commitment initial public offering of shares of common stock and anticipates that the initial public offering price of shares will be between $4.00 and $5.00 per share.Inspire Brands– The company announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. Inspire Brands expects to use the net proceeds of the proposed offering to repay outstanding indebtedness under its existing term loan facility and pay offering fees and expenses."Private Markets" is The Fly's recurring series of stories on the latest moves in the private sector, largest unicorn companies and initial public offerings to watch. Fly subscribers, add $PRIVATE to your portfolio for alerts on breaking news in the startup and venture capital space.
Spire Global Awarded $28M Contract by NOAA
Spire Global has been awarded a two-year, $28M contract by the National Oceanic and Atmospheric Administration to advance hyperspectral microwave sounding technology toward operational use for weather forecasting. Under the agreement, Spire will use its existing technology stack to build and qualify a matured satellite and hyperspectral microwave sounder payload through flight readiness. The system will be tailored to an orbit designed to support NOAA's weather forecasting needs and enable analysis of the impact of hyperspectral microwave observations on numerical weather prediction and resilience to radio frequency interference. The award represents the next step toward demonstrating that advanced hyperspectral microwave sounding can be delivered from a smaller, commercially developed satellite platform, with operational capability targeted to begin no later than 2030. "Hyperspectral microwave sounding has the potential to change what's possible in weather forecasting," said Theresa Condor, Chief Executive Officer at Spire Global. "By bringing this advanced capability to a commercial satellite platform, we can deliver richer observations of the atmosphere at the scale and speed needed to make a meaningful difference in forecasting. We're proud to continue our work with NOAA, combining their mission expertise with our ability to rapidly develop and deploy new technology. By accelerating the next generation of weather observations, we can give forecasters a clearer picture of what's happening in the atmosphere, sooner, and greater confidence in predicting what comes next."
Spire Global Secures €4M Contract with EUMETSAT
Spire Global has been awarded an approximately EUR 4 M one-year contract renewal and expansion by EUMETSAT, Europe's meteorological satellite agency. The agreement builds on Spire's previously announced approximately EUR 3M contract and extends the company's delivery of radio occultation weather data through August 2027. Through the contract, Spire will continue providing radio occultation data to EUMETSAT while expanding the volume of atmospheric observations available to support operational weather forecasting. The agreement reflects continued demand for high-quality satellite weather data used by meteorological agencies to improve forecast accuracy and monitor changing environmental conditions. Spire's RO data delivers information about the vertical profiles of pressure, humidity, and temperature across all points of the globe, including in the most remote regions and open oceans. The data is delivered in near real time, with EUMETSAT processing and disseminating it to national weather agencies across Europe and the broader World Meteorological Organization community for integration into global forecast models.
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