Spire Global Agrees To Maritime Business Sale To Eliminate Debt

AIS satellite

Spire launched some of its ship-tracking satellites as part of the SpaceX Transporter-11 mission in August.

Credit: Spire Global
Spire Global says it has agreed to sell its maritime business to Kpler for around $241 million to retire all its outstanding debt after months of talks with lender Blue Torch Capital to get relief over loan terms. Spire, which provides space-based data, said in a Nov. 13 statement that the...
Robert Wall

Robert Wall is Executive Editor for Defense and Space. Based in London, he directs a team of military and space journalists across the U.S., Europe and Asia-Pacific.

Subscription Required

 

Spire Global Agrees To Maritime Business Sale To Eliminate Debt is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.

Already a member of AWIN or subscribe to Aerospace Daily & Defense Report through your company? Login with your existing email and password.

Not a member?  Learn how you can access the market intelligence and data you need to stay abreast of what's happening in the aerospace and defense community.