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Why Spire Global Stock Just Crashed 22%

TheMotleyFool

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Shares of space stock Spire Global (NYSE: SPIR), which surged a combined 42.5 percentage points over the past two trading days, were down 22.2% in 11:15 a.m. EDT trading today.

Image source: Getty Images.

Spire's shares took off primarily in response to news that the company is partnering with Internet of Things satellite company Myriota, in which Spire is also taking a minority interest by virtue of its acquisition of Canadian space company exactEarth, announced last week.

Source Fool.com

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