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Why Spire Global Stock Just Rocketed to the Moon

TheMotleyFool

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Why Spire Global Stock Just Rocketed to the Moon: https://g.foolcdn.com/editorial/images/764764/three-glowing-satellites-beaming-down-transmissions-to-earth.jpg

Shares of satellite data and analytics company Spire Global (NYSE: SPIR) announced this morning that it will report its Q4 and full-year 2023 earnings after close of trading on March 6, 2024. The space company gave no details on what will be in those results. But even so, Spire Global stock rocketed 21.3% through 11:30 a.m. ET this morning.

Does that make sense?

Actually, it might, when you consider that just before announcing its earnings date, Spire also announced last night that it has a new partner.

Source Fool.com