Spire Global going public via SPAC at $1.6 billion valuation

Small satellite builder and data specialist Spire Global is planning to go public, announcing on Monday that it is the latest among multiple space companies to merge with a SPAC.

Spire Global is merging with special purpose acquisition company NavSight. When the deal closes, which is expected this summer, Spire Global will list on the New York Stock Exchanged under the ticker SPIR.

“Spire was founded nearly a decade ago to help lead, inspire, and create the business of space-based data. Today, our proprietary data and solutions help customers solve some of earth’s greatest challenges,” Spire founder and CEO Peter Platzer said in a press…