Spire Global is still cheap for its fundamentals at about a $746M market cap and roughly 8.5x forward sales. It is debt-free after the $233.5M maritime sale with $81.8M in cash, growing organic revenue 50%+, integrated with Nvidia Earth-2, expanding in agtech and targeting EBITDA breakeven in Q4 2026. As a small cap it is volatile. x.com 

Spire Global looks cheap at 5x EV/sales with 50% revenue growth expected in 2026, against Planet Labs at 22x EV/sales with 40% growth. @wliang, comparing Planet Labs' $12B market cap with BlackSky's $1B and Satellogic's $700M, expects the space-imaging valuation gap could fill soon. x.com 

Spire Global's $70M at-the-market raise looks insignificant, making the 10% drop on the news a chance to add. At a roughly $700M market cap, the raise is only about 10% of the company. It roughly doubles cash to about $150M to fund 50%+ core growth and government reconnaissance purchases. It remains a tiny, speculative position. x.com 

Spire Global's valuation gap should close soon, and Renaissance Technologies' Medallion Fund owning it is a reason not to bet against it. SPIR is one of very few space names the fund holds, a fund with 66% annual returns since 1988 and $35B AUM. A post the author quotes puts SPIR's $640M market cap against Satellogic's $1B, Planet Labs' $12B and Rocket Lab's $40B, noting even catching up to Satellogic would put SPIR near $30. x.com 

Planet Labs should go back to at least $50 because its drop on a $1.5B ATM, about 12% of market cap, was an overreaction given its market position and strong financials. It runs the largest commercial Earth-observation fleet, imaging all land daily, with a 10-year-plus archive rivals cannot recreate, sold via 99% recurring subscriptions and sovereign deals. Revenue grows 41%, backlog is $906M, up 72%, and it is disrupting Airbus's dominance, on track to lead space imagery. x.com  x.com  x.com