The Qualcomm, Qihoo 360, Mitsui and Itochu-backed space data provider will be valued at $1.6bn and listed on the New York Stock Exchange once the merger closes.
Spire Global, a US-based space-focused data provider backed by corporates Qualcomm, Qihoo 360, Mitsui and Itochu, agreed a reverse merger deal on Monday with special purpose acquisition company NavSight Holdings
The combined company will be valued at $1.6bn once the transaction closes, and it will be listed on the New York Stock Exchange, where NavSight floated in a $200m initial public offering in September 2020. Spire’s investors will own 67% of the merged business.
Hedge fund manager Tiger Global…
