The FTC has approved Elon Musk's potential acquisition of Mesh Optical Technologies, a startup founded by former SpaceX engineers. Mesh develops optical transceivers for data centers, which could enhance SpaceX's data center efficiency and its new agreements with AI companies.
The Federal Trade Commission has confirmed its approval of Elon Musk's acquisition of Mesh Optical Technologies. The acquisition was disclosed in a recent FTC filing, following an expedited antitrust review process initiated by the agency.
Mesh Optical Technologies was founded by three former SpaceX engineers: Travis Brashears, Cameron Ramos, and Serena Grown-Haeberli. The startup emerged from stealth mode in February 2023 and announced a successful $50 million Series A funding round, led by Thrive Capital.
The co-founders of Mesh Optical aim to innovate in the field of optical transceivers for data centers, which offer advantages in speed and energy efficiency compared to traditional electrical systems. This technology could support a growing demand for faster data processing capabilities.
Acquiring Mesh could help SpaceX enhance the efficiency of its data centers as it pursues partnerships with companies like Anthropic and Google for computational services. Improved data center capabilities could provide a significant competitive edge as SpaceX expands its business in both terrestrial and potential future space-based applications.
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The FTC has approved Elon Musk's potential acquisition of Mesh Optical Technologies, a startup founded by former SpaceX engineers. Mesh develops optical transceivers for data centers, which could enhance SpaceX's data center efficiency and its new agreements with AI companies.