Spire Global Participates in Prize Challenge to Advance Measurements of Earth’s Magnetic Field with Multi-Million-Dollar Support from National Geospatial-Intelligence Agency

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Insider Brief:

  • Spire Global has agreed to participate in Phase 4 of MagQuest, a prize challenge to advance how Earth’s magnetic field is measured, with multi-million-dollar prize awards.
  • MagQuest is a multiphase open innovation challenge designed to accelerate new ideas to increase the efficiency, reliability, and sustainability of geomagnetic data.
  • Spire will design, develop and launch a satellite that will provide a novel approach to geomagnetic data collection for the World Magnetic Model.

PRESS RELEASE — Vienna, Virginia / August 23, 2023 — Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of space-based data, analytics and space services, was invited by the National Geospatial-Intelligence Agency (NGA) and has agreed to participate in Phase 4 of MagQuest, a prize challenge to advance how Earth’s magnetic field is measured, with multi-million-dollar prize awards.

MagQuest is a multiphase open innovation challenge designed to accelerate new ideas to increase the efficiency, reliability, and sustainability of geomagnetic data. During this phase of the challenge, Spire will design, develop and launch a satellite that will provide a novel approach to geomagnetic data collection for the World Magnetic Model (WMM). The satellite will carry a first-of-its-kind diamond quantum magnetometer system developed by SBQuantum. Spire will demonstrate operations of the satellite system and provide data to NOAA’s National Centers for Environmental Information and NASA’s Goddard Space Flight Center for assessment.

The WMM is used every day around the world and is embedded in thousands of systems. More than a billion smartphone users depend on the WMM for mobile navigation apps, and drivers rely on it to align the compasses in their cars.

“The importance of the World Magnetic Model cannot be overstated: It is critical to keeping everyday navigational systems running,” said NGA Senior GEOINT Authority J.N. Markiel, Ph.D.  in an NGA press release. “MagQuest has advanced scientific and technical innovations that could be key to the future of geomagnetic data collection, specifically approaches that are both sustainable and scalable.”

“The MagQuest challenge is a prime example of how satellite technology plays a crucial role in powering technology and systems that each and every one of us use on a near-daily basis,” said Chuck Cash, vice president of federal sales at Spire. “We’re proud to leverage Spire’s expertise in satellite technology and existing infrastructure for manufacturing, ground stations, and data processing with SBQuantum’s magnetometer technology to provide a novel and more accurate solution to collect geomagnetic data.”

Phase 4 of the challenge is set to conclude in September 2026. There may be an opportunity for additional funding at the end of the challenge to sustain operations and data provisions beyond the three-year period. The results of MagQuest will inform NGA’s acquisition strategy for a WMM global magnetic field data collection capability, with an expected data procurement that can provide operational capacity by 2027.

Contact Information:

For Media:
Sarah Freeman
Communications Manager
[email protected]

For Investors:
Benjamin Hackman
Head of Investor Relations
[email protected]

SOURCE: Spire

Featured image: Credit: Spire

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