It is a rare deal. The us space and telecommunications company spacex liked to take the small satellite startup swarm technologies. Swarm operates 120 satellites in sandwich format and suitable ground stations. With the transaction, spacex was given the satellite and ground station licenses swams, which should probably help the spacex project starlink.
Both companies already have on 16. July on the suppuzziness. This goes from a request to the us regulatory worker fcc (federal communications commission) of 6. August. The targeted supposition represents a departure from the previous strategy spacex ‘to develop technology possible itself.
Swarm will conclude a direct hundred percent subsidiary spacex ". The financial details of the transaction are unknown. According to pitchbook, swarm was valued in january 2019 at a financing round with $ 85 million.