That's what Spire Global is betting on in its recently announced partnership with AI darling Nvidia .
Twelve-year old Spire Global is in the radio frequency sensing business, operating a satellite constellation that collects space-based radio frequency data that can be analyzed and sold as a service.
Nonetheless, "at this point in time there is no immediate economic flow from Nvidia to Spire or vice versa," he noted.
Spire Global, a small capitalization stock that went public through a SPAC merger in 2021, shot up roughly 40% in response.
Spire Global forecasts achieving positive free cash flow this summer, or by the third quarter of 2024.
Persons:
Peter Platzer, CNBC's Morgan Brennan, Morgan Brennan, Platzer, Jensen Huang
Organizations:
Spire Global, Nvidia, Nvidia's