A Constellation of Information
Platzer founded the startup company, alongside entrepreneurs Joel Spark and Jeroen Cappaert, in 2012 with a mission to provide “comprehensive data and analytics that protect our environment and our communities, transform global logistics, contribute to economic stability, and put moonshot goals within reach.” Today, the startup data business boasts an impressive array of over 100 data-gathering nanosatellites.
Data collected by the constellation of satellites is diverse, and the startup company offers services to a number of businesses across different industries, including the aviation, agriculture, and maritime sectors. Services are offered as a subscription to those interested in tapping into one of the data streams.
Satellite Data Industry Insights
The use of satellite imagery and data gathering is utilized by numerous economic sectors and companies. The information is often used to inform climate protection strategies as well as improve production and yields within the agricultural industry. Market research expects the global satellite data service market to reach $36.9 billion by 2027. Spire’s technology provides a much-needed service for many businesses and organizations and will likely find continued support from investors as the company goes public.
About the Author
James White is a Michigan State University graduate with a BS in Environmental Biology. He is interested in reporting emerging trends in technology, especially with regard to alternative energy and environmental conservation.