By Nicholas G. Miller

Schaeffler and Spire Global signed a memorandum of understanding to develop space hardware subsystems, satellite platforms, and advanced radio frequency and environmental sensing capabilities.

The companies aim to combine Schaeffler's precision engineering and manufacturing scale with Spire's satellite platform expertise to build a sovereign European space hardware and mission business before the end of the decade.

The partnership will initially focus on scaling up supply chains for spacecraft subsystems and the companies will also evaluate a path toward industrialized satellite bus platforms.

"This is a meaningful step toward a reliable, industrialized pathway for critical dual-use missions and a more self-reliant European space-industrial base capable of operating at the speed and scale modern missions require," said Spire Chief Executive Theresa Condor.

Spire shares rose 8.9% to $25.87 in premarket trading.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

May 27, 2026 08:15 ET (12:15 GMT)

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