Is SPIR or TSAT more undervalued in 2026?

CirclFi compares Spire Global, Inc. (SPIR) and Telesat Corporation (TSAT) using 13 institutional-grade valuation models. SPIR has a Quality of Company score of 7.1/10 while TSAT scores 1.7/10.

Which is a better buy — SPIR or TSAT?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do SPIR and TSAT valuations compare?

SPIR at $22.84 and TSAT at $54.21 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

SPIR vs TSAT Valuation Comparison 2026 — Intrinsic Value Analysis

SPIR

Communications Services, NEC

Spire Global, Inc.

Quality

7.1

out of 10

Value Trap

SAFE

Price

$22.84

Last close

Models

12/13

Active

TSAT

Communications Services, NEC

Telesat Corporation

Quality

1.7

out of 10

Value Trap

—

Price

$54.21

Last close

Models

10/13

Active

Model-by-Model Comparison

Model	Type	SPIR Fair Value	SPIR Upside	TSAT Fair Value	TSAT Upside
Bayesian DCF	Intrinsic	$4.99	-78.2%	$15.31	-71.8%
Earnings Power Value	Intrinsic	$27.60	+51.8%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$1.90	-90.1%	$44.34	-14.5%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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SPIR vs TSAT — Which Stock Is More Undervalued?

SPIR scores higher with a 7.1/10 quality rating vs TSAT's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Spire Global, Inc. (SPIR) and Telesat Corporation (TSAT) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

SPIR currently trades at $22.84 with a QOC of 7.1/10, while TSAT trades at $54.21 with a QOC of 1.7/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).