tech
FTC gives Musk the OK to acquire SpaceX alumni startup Mesh
Mesh came out of stealth in February with a $50 million Series A.
TL;DR
- Elon Musk is considering acquiring Mesh Optical Technologies.
- Mesh was founded by three former SpaceX engineers who previously worked on Starlink's optical communication links.
- The startup is developing hardware for fast and energy-efficient data center communications using light.
- The Federal Trade Commission (FTC) has expedited its antitrust review for the potential acquisition.
- Mesh raised $50 million in a Series A funding round led by Thrive Capital.
- SpaceX is expanding its data center services, and acquiring Mesh could improve their efficiency.