Sci-Fi Visions

Spire, Maker of Radio-Size Satellites, Tunes Into $40 Million in New Funding

  • The financing brings the company’s total funding to roughly $80 million – a fair amount for a company that employs just 57 people and turns three in September. Then again, Spire has huge ambitions to become a big player in the weather data market and to strengthen its position as a provider of maritime data.
  • Yet that’s just the start, insists founder and CEO Peter Platzer, a physicist with a Harvard MBA who eventually sees Spire curbing illegal animal trading and human kidnapping, among other things.
  • “Our first satellite was in space by June 2013, nine months after we were founded; we’ve had four satellites [launched into space] altogether, and we expect to have 20 by year end and 100 [in space] by 2017,” says Platzer.

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