Spire Global Added to Membership of Russell 3000® Index
27 June 2022 - 10:50PM
Business Wire
Spire and several “new space” companies joining
the index for the first time highlights exciting sector growth
Spire Global, Inc. (NYSE: SPIR), a leading global provider of
space-based data, analytics and space services, has been added as a
member of the broad-market Russell 3000® Index, effective after the
US market opens on June 27, as part of the 2022 Russell indexes
reconstitution. Membership in the Russell 3000® Index, which
remains in place for one year, means automatic inclusion in the
large-cap Russell 1000® Index or small-cap Russell 2000® Index as
well as the appropriate growth and value style indexes.
“We are honored to be included in the Russell 3000,” said Peter
Platzer, Spire’s CEO. “This is a milestone event for the company
and for our talented team who got us where we are today.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12 trillion in assets
are benchmarked against Russell’s US indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
About Spire Global, Inc.
Spire (NYSE: SPIR) is a leading global provider of space-based
data, analytics and space services, offering access to unique
datasets and powerful insights about Earth from the ultimate
vantage point so that organizations can make decisions with
confidence, accuracy, and speed. Spire uses one of the world’s
largest multipurpose satellite constellations to source hard to
acquire, valuable data and enriches it with predictive solutions.
Spire then provides this data as a subscription to organizations
around the world so they can improve business operations, decrease
their environmental footprint, deploy resources for growth and
competitive advantage, and mitigate risk. Spire gives commercial
and government organizations the competitive advantage they seek to
innovate and solve some of the world’s toughest problems with
insights from space. Spire has offices in San Francisco, Boulder,
Washington DC, Ontario, Glasgow, Oxfordshire, Luxembourg, and
Singapore. To learn more, http://www.spire.com.
About FTSE Russell:
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $20
trillion is currently benchmarked to FTSE Russell indexes. For over
30 years, leading asset owners, asset managers, ETF providers and
investment banks have chosen FTSE Russell indexes to benchmark
their investment performance and create ETFs, structured products
and index-based derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220627005428/en/
For Media: Hillary Yaffe Head of Communications
Hillary.Yaffe@spire.com
For Investors: Benjamin Hackman Head of Investor
Relations Benjamin.Hackman@spire.com
Spire Global (NYSE:SPIR)
Historical Stock Chart
From Apr 2024 to May 2024
Spire Global (NYSE:SPIR)
Historical Stock Chart
From May 2023 to May 2024