Spire Global announced a new contract with Deloitte to design, build and operate eight satellites that will support Deloitte’s Silent Shield on‑orbit cyber program. The first satellite in the program, Deloitte‑1, was launched on SpaceX’s Transporter‑13 mission in March 2025, and the new constellation will expand the program’s coverage and resilience.
The satellites will be software‑defined nanosatellites that can be updated in orbit, allowing rapid deployment of new features and threat‑detection capabilities. Each satellite will carry advanced radio‑frequency and geolocation payloads and will be linked to Spire’s global network of more than 34 ground stations, providing secure, encrypted data transmission to Deloitte’s cloud environment.
Spire’s Q2 2025 revenue was $19.2 million, a year‑over‑year decline, but the company maintains full‑year guidance of $85 million to $95 million and is targeting 12%–17% revenue growth for 2025, excluding its maritime business. Cash, cash equivalents and marketable securities stood at $117.6 million as of June 30 2025, and the sale of the maritime business eliminated debt, improving the balance sheet. Adjusted EBITDA was –$10.2 million in Q2 2025, reflecting ongoing investment in Space Services.
The contract is a strategic win that diversifies Spire’s revenue mix beyond weather and climate data. By offering end‑to‑end satellite manufacturing, launch management and operations, Spire is positioning itself for higher‑margin, recurring contracts. The eight‑satellite deal is expected to contribute to the company’s 12%–17% revenue growth target for 2025 and supports a projected 20% growth in 2026.
CEO Theresa Condor said the deal “demonstrates how space can enable unprecedented innovation and agility for our customers.” Deloitte’s Brett Loubert added that Spire’s technology provides a “powerful and relevant platform to engineer, test, validate and refine our on‑orbit cyber solutions.”
The contract strengthens Spire’s foothold in the growing cyber‑resilience market, adds a high‑profile client, and signals confidence in the company’s software‑defined satellite platform. While the deal adds recurring revenue, it also underscores the need for continued cost discipline as Spire scales its Space Services offering.
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