For the first time in 21 years! SpaceX acquires satellite communications startup

According to a document from the Federal Communications Commission (FCC), the US space exploration technology company SpaceX has acquired the satellite communications startup Swarm Technologies (hereinafter referred to as Swarm). This is the company's first public acquisition since its establishment 21 years ago.

On August 9, according to foreign media reports, according to a document from the US Federal Communications Commission (FCC), the US space exploration technology company SpaceX has acquired the satellite communications startup Swarm Technologies (hereinafter referred to as Swarm). This is the company’s establishment 21 The first public acquisition since the year.

Founded in 2016, Swarm Technologies is committed to building an IoT constellation composed of very small satellites in low earth orbit. The company provides enterprise customers with low bandwidth, low power consumption and relatively cheap satellite communications. Now, the company is a wholly-owned subsidiary of SpaceX and has 121 satellites in orbit.

Currently, SpaceX is working hard to build a powerful Starlink broadband to provide users around the world with high-speed Internet access.

To date, SpaceX has launched more than 1,700 Starlink satellites. The company said it plans to substantially increase this number in the next few years. Currently, the company's Starlink project is still in the testing stage.