With Its Kpler Deal on the Rocks, Can Spire Stock Survive?

Debt is dangerous. Getting out of debt can be tricky. And when you try and fail to get out of debt, things can get messy in a hurry. For a case study in all of the above, consider the unfortunate case of space company Spire Global (NYSE: SPIR).With $131 million in debt on its balance sheet, but only $64 million in its bank account, and having just finished burning through $54 million in cash in 2023, Spire management decided late last year it was tired of being in debt and struck upon a way to extricate itself from debt entirely.Privately held commodity data and analytics platform Kpler was offering to buy Spire's maritime ship-tracking subsidiary for $241 million, cash.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool