SpaceX Buys Swarm Technologies

Los Angeles-based rocket and spacecraft developer SpaceX has acquired Swarm Technologies, a developer of “smallsat” (small satellite) technology. Financial terms of the buy were not announced, and no details of the acquisition were announced. The deal was uncovered via a series of filings with the FCC. Swarm has a network of 120
cubesats”– small satellites in orbit, which are providing Internet-of-Things services. Swarm had raised about $25M in total funding.