Why Spire Stock Spiked Thursday

Shares of space-based data, analytics, and services company Spire Global (NYSE: SPIR) launched to as much as an 11% gain on Thursday before coming back down to earth a bit for a 4.7% gain as of noon EDT.

A deal with NASA is responsible for the stock's increase.

NASA's X-59 QueSST. Image source: NASA.

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Source Fool.com