Elon Musk’s SpaceX acquires satellite startup Swarm Technologies

SpaceX is acquiring satellite connectivity startup Swarm Technologies for an undisclosed sum, it first acquisition in the 19 years of its existence.

Swarm raised $25 million in August 2018 and launched its flagship product called the Tile which is a small modem that can be embedded in various connectivity devices and linked to the satellite network.

Swarm operates a constellation of 120 sandwich-sized satellites as well as a ground station network, reports TechCrunch.

“The deal would transfer control of Swarm’s ground and space licenses to SpaceX, in addition to any licenses pending before the commission,” the report said on Monday.