SpaceX is buying satellite data start-up Swarm, in a rare acquisition by Elon Musk’s space companyhttps://www.cnbc.com/2021/08/09/spacex-acquiring-satellite-data-start-up-swarm-technologies.html - Swarm will become “a direct wholly-owned subsidiary of SpaceX upon consummation of the Proposed Transaction,” the start-up wrote in a Federal Communications Commission filing Aug. 6.
- While Swarm’s satellites provide a different service from SpaceX’s Starlink broadband network, the acquisition benefits Musk’s company by bringing “access to the intellectual property and expertise” of the start-up.
|
