Eric Ralph: SpaceX’s first (public) acquisition is nanosat and Internet of Things startup Swarm
9/08/2021 – 09:04
“Federal Communications Commission (FCC) documents suggest that SpaceX has wholly acquired a satellite communications startup – possibly the first public acquisition in the company’s 21-year history.
Known as Swarm Technologies, the startup has raised approximately $25 million in venture capital over several years of operations and launched dozens of spacecraft the size of a couple slices of bread – the smallest commercially operational satellites in the world. While small and modestly funded, Swarm has actually managed to turn that investment into a functional network offering commercial Internet of Things (IoT) connectivity and developed an extremely affordable “Swarm Tile” radio to connect to said network.”