Spire Global (SPIR) — High-Margin Pivot + RF Intelligence UpsideSpire Global, Inc. Class ABATS:SPIRRichtv_officialSpire Global SPIR operates a large LEO satellite constellation delivering real-time data across aviation, weather, and RF intelligence—a direct play on the expanding space-based analytics and sovereign intelligence markets. Key Catalysts Strategic Shift to Higher-Margin Data Services: Post divestiture of the maritime business, Spire is streamlining to focus on scalable intelligence products with stronger margins and cleaner execution. Core Revenue Acceleration: +44% YoY growth (ex-maritime) with management outlook for 50%+ growth in 2026, driven by expanding demand across government, aviation tracking, and climate intelligence. RF Geolocation as the Breakout Engine: Plans to expand RF capacity up to 15x, enabling more real-time global tracking—opening larger opportunities in defense, sovereign security, and RF monitoring. Operating Leverage Potential: A tighter product focus + higher-margin data mix increases the probability of margin expansion as satellite capacity scales. Investment Outlook ✅ Bullish above: $16–$17 🎯 Upside target: $28–$29, supported by accelerating core growth, RF scale-up, and a higher-margin revenue mix.