SpaceX’s CFO says his company’s acquisition of Swarm Technologies was driven by that company’s “interesting” intellectual property and team. Credit: Swarm Technologies
Companies that operate both geostationary satellites and low Earth orbit constellations say they see opportunities to acquire complementary firms but cautioned that a long-projected consolidation of the industry isn’t likely in the near future.
In a panel discussion at the Satellite 2021 conference here Sept. 7, Bret Johnsen, chief financial officer of SpaceX, discussed his company’s quiet acquisition of Swarm Technologies, a company operating a constellation of smallsats providing internet-of-things services. Neither company announced the deal, which was disclosed only when Swarm filed a request with the Federal Communications Commission in August to transfer its licenses to SpaceX.
Satellite operators see acquisition opportunities – SpaceNews
