{"id":320613,"date":"2021-08-10T18:56:42","date_gmt":"2021-08-10T15:56:42","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/spacex-buying-satellite-internet-startup-swarm-technologies\/"},"modified":"2021-08-10T18:56:42","modified_gmt":"2021-08-10T15:56:42","slug":"spacex-buying-satellite-internet-startup-swarm-technologies","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/spacex-buying-satellite-internet-startup-swarm-technologies\/","title":{"rendered":"#SpaceX buying satellite internet startup Swarm Technologies"},"content":{"rendered":"

“#SpaceX buying satellite internet startup Swarm Technologies<\/strong>”<\/p>\n

\n

Elon Musk\u2019s SpaceX is buying a satellite internet startup in a move to bolster its own Starlink internet business, according to regulatory filings.\u00a0<\/p>\n

SpaceX company plans to buy Mountain View, Calif.-based Swarm Technologies, the companies said in a filing<\/a> with the Federal Communications Commission on Friday.\u00a0<\/p>\n

Swarm\u2019s business model centers around launching small, relatively cheap satellites into orbit that provide internet access to Earthbound customers. The company has 30 employees and has launched 120 satellites satellites so far, according to the Verge<\/a>.\u00a0<\/p>\n

Musk\u2019s SpaceX runs a similar satellite internet service called Starlink and has launched 1,700 satellites so far. It will absorb Swarm\u2019s satellite and ground station FCC licenses, becoming a fully owned subsidiary of Musk\u2019s company.\u00a0<\/p>\n

In the filing, the companies argued that the FCC should app<\/a>rove the deal because it would strengthen the companies\u2019 \u201cability to provide innovative satellite\u00a0 services that reach unserved and underserved parts of the world.\u201d\u00a0<\/p>\n

\"Elon
Elon Musk\u2019s SpaceX is acquiring the small-satellite data provider Swarm Technologies, scooping up the startup\u2019s roughly 30 employees and its network of 120 tiny satellites.<\/figcaption>
Paul Hennessy\/SOPA Images\/LightRocket via Getty Images<\/span><\/figcaption><\/figure>\n

\u201cSwarm\u2019s services will benefit from the better capitalization and access to resources available to SpaceX, as well as the synergies associated with acquisition by a provider of satellite design, manufacture, and launch services,\u201d SpaceX and Swarm said. \u201cSpaceX will similarly benefit from access to the intellectual property and expertise developed by the Swarm team, as well as from adding this resourceful and effective team to SpaceX.\u201d\u00a0<\/p>\n

The companies did not disclose the value or detailed terms of the deal in the filing and did not immedia<\/a>tely reply to a request for comment.\u00a0<\/p>\n

Swarm \u2014 which has raised $27 million from backers like Craft Ventures and Social Capital \u2014 was founded in 2016 by former engineers from Google, Apple and NASA.\u00a0<\/p>\n

\"A
Swarm was founded in 2016 by former engineers from Google, Apple and NASA.\u00a0<\/figcaption>
Swarm<\/span><\/figcaption><\/figure>\n

The company drew the FCC\u2019s condemnation and paid a $900,000 settlement in 2018 for launching four satellites without regulatory approval, SpaceNews<\/a> reported<\/a>.\u00a0<\/p>\n

Under the terms of the settlement, the company was subject to enhanced FCC oversight and agreed to give the regulator pre-launch notices for three years.\u00a0<\/p>\n

Other satellite companies feared at the time that Swarm\u2019s move would lead to heightened regulation of the industry, the outlet reported.\u00a0<\/p>\n

For its part, SpaceX counts the US government among its largest clients. The company has several launch contracts with the Pentagon and last month was awarded a $178 million NASA contract to launch the agency\u2019s first mission focusing on Jupiter\u2019s icy moon Europa. <\/p>\n

SpaceX and Swarm first agreed to merge on July 16, according to the filing.\u00a0\n <\/p><\/div>\n

If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n

\n

For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

\n

If you want to read more News articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#SpaceX buying satellite internet startup Swarm Technologies” Elon Musk\u2019s SpaceX is buying a satellite internet startup in a move to bolster its own Starlink internet business, according to regulatory filings.\u00a0 SpaceX company plans to buy Mountain View, Calif.-based Swarm Technologies, the companies said in a filing with the Federal Communications Commission on Friday.\u00a0 Swarm\u2019s business…<\/p>\n","protected":false},"author":1,"featured_media":320614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/spacex-acquisition-17.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[113833,39394,48,70318,70678],"class_list":["post-320613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-8-10-21","tag-elon-musk","tag-internet","tag-satellites","tag-spacex"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/320613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=320613"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/320613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/320614"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=320613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=320613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=320613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}