SpaceX will be acquiring satellite connectivity startup Swarm Technologies, the first such deal for the 19-year-old space company headed by Elon Musk.
Swarm operates a constellation of 120 sandwich-sized satellites as well as a ground station network. The deal would transfer control of Swarm’s ground and space licenses to SpaceX, in addition to any licenses pending before the commission. If the transaction is approved, the startup would become a “direct wholly-owned subsidiary” of the larger company.
The acquisition, which was reported in under-the-radar filings with the Federal Communications Commission, marks a sharp departure from the launch giant’s established strategy …
