
Business UpdateApr 24, 2026, 04:07 PM
Spire Global's Canada subsidiary loses C$71.8M WildFireSat contract
AI Summary
Spire Global's Canadian subsidiary, Spire Global Canada Subsidiary Corp., received notice on April 23, 2026, terminating its contract with the Canadian government. The contract, valued at C$71.8 million if all milestones were achieved, was for the design and development of the WildFireSat constellation of satellites. The termination was for convenience and effective immediately, though the company may submit a settlement proposal for costs by May 7, 2026.
Key Highlights
- Spire Global Canada's C$71.8 million WildFireSat contract terminated.
- Contract was with His Majesty the King in right of Canada.
- Termination effective immediately on April 23, 2026.
- Company can submit a settlement proposal by May 7, 2026.