SpaceX makes uncommon acquisition of satellite tv for pc start-up Swarm – right here’s what it manner

SpaceX is shifting to shop for out Swarm, a smaller satellite tv for pc startup, in an extraordinary acquisition for the non-public house corporate based through Elon Musk. Normally, SpaceX does no longer purchase or merge with different firms, making the be offering to shop for Swarm extremely peculiar – although on paper it is does not appear to be a foul thought. 

In line with CNBC, Swarm does no longer have just about the selection of satellites in orbit that SpaceX does, nevertheless it does have FCC licenses that may now be transferred over to SpaceX as soon as the deal is finalized and Swarm turns into a “direct wholly-owned subsidiary of SpaceX.”

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