Musk-run SpaceX acquires satellite startup Swarm Technologies

San Francisco: 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.