Technology

SpaceX makes rare acquisition of satellite start-up Swarm – here’s what it means

SpaceX is moving to buy out Swarm, a smaller satellite startup, in a rare acquisition for the private space company founded by Elon Musk. Typically, SpaceX does not buy or merge with other companies, making the offer to buy Swarm highly unusual – though on paper it’s doesn’t look like a bad idea. 

According to CNBC, Swarm does not have nearly the number of satellites in orbit that SpaceX does, but it does have FCC licenses that will now be transferred over to SpaceX once the deal is finalized and Swarm becomes a “direct wholly-owned subsidiary of SpaceX.”

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