FTC gives Musk the OK to acquire SpaceX alumni startup Mesh


Elon Musk is eyeing an acquisition of Mesh Optical Technologies, a startup founded by three former SpaceX engineers last year developing hardware for fast data center communications.

The potential acquisition, which was revealed in a Federal Trade Commission filing and first reported by Bloomberg, confirmed the agency expedited its antitrust review.

Mesh Optical came out of stealth in February when it announced that it raised a $50 million Series A led by Thrive Capital.

Before founding Mesh Optical, the startup’s co-founders, Travis Brashears, Cameron Ramos, and Serena Grown-Haeberli, developed the optical communication links that keep thousands of SpaceX’s Starlink satellites interconnected.

The Mesh co-founders saw an opportunity to develop optical transceivers for terrestrial data centers, as light-based hardware is faster and more energy-efficient than traditional electrical-based systems.

SpaceX has recently entered into agreements with Anthropic, Google, and the open-source AI developer Reflection AI to provide them with compute capacity at its data centers, generating a substantial new revenue stream for the newly public company. Acquiring Mesh could eventually allow SpaceX to improve the efficiency of its data centers, whether they are located on Earth or, in the future, in space.



Source link

  • Related Posts

    24 Prime Day deals Verge readers are grabbing before Prime Day ends

    Below, we’ve rounded up the deals that have resonated most with readers who spend as much time thinking about tech as we do. It’s a great way to see what…

    NYT slams Microsoft for building copyright-infringing supercomputer for OpenAI

    NYT targets Microsoft supercomputer In 2023, the NYT became the first major publisher to sue OpenAI. The prominent newspaper alleged that ChatGPT was illegally trained on its articles, infringed on…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    At the Stadium and Far Away, Cape Verde Fans Embrace the Possible

    At the Stadium and Far Away, Cape Verde Fans Embrace the Possible

    Toronto police warn of debit card swapping scam involving fake food delivery and taxi drivers

    Toronto police warn of debit card swapping scam involving fake food delivery and taxi drivers

    Nat Sciver-Brunt: England captain using rare treatment in attempt to be fit for T20 World Cup

    Nat Sciver-Brunt: England captain using rare treatment in attempt to be fit for T20 World Cup

    Trump-backed Letlow faces Fleming in Louisiana GOP Senate runoff

    Trump-backed Letlow faces Fleming in Louisiana GOP Senate runoff

    Trump’s Troop Withdrawal Leaves Germany’s Base Towns in Limbo

    24 Prime Day deals Verge readers are grabbing before Prime Day ends

    24 Prime Day deals Verge readers are grabbing before Prime Day ends