• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, June 24, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

SpaceX acquires Internet of Things Smallsat company, Swarm Technologies

by Chhavideep Singh
August 10, 2021
in Business, Tech, Trending, World
Reading Time: 2 mins read
0
SpaceX
TwitterWhatsappLinkedin
SpaceX
Source: GeekWire

SpaceX, Elon Musk’s space company has been known to have defined goals concerning its missions, be it independent research to find adaptability on Mars or working on projects with NASA. SpaceX has always been considered a company of the future and this is what differentiates it from other rivals like Virgin Galactic and Blue Origin. SpaceX is a brainchild and effort of Elon Musk, the billionaire philanthropist who is one of the richest people on Earth, and in some time, maybe on Mars as well.

You might also like

Who Tops the Rich List? 13 Richest Celebrities of 2025

PhonePe Eyes $1.5 Bn IPO at $15 Bn Valuation

Bill Gates Meets Linux Creator Linus Torvalds in Landmark Tech Industry Moment

Growth is every company’s necessity to survive while some grow to expands their scope and market share as well. According to recent reports, SpaceX recently acquired Swarm Technologies, an Internet of Things smallsat company!

SpaceX is expanding and has recently shown interest in the Internet of Things services which will definitely benefit some parts of the company’s operations. As for the younger company with merely 30 to 50 employees, Swarm Technologies will benefit the most with this acquisition, because now it will have all the resources that it needs and whatever it takes for the company to design and launch small satellites.

Swarm Technologies is a California-based Smallsat company that enables global connectivity with the world’s most affordable satellite network, something similar to SpaceX’s ‘Starlink’ project but on a significantly low scale. This boost that the Internet of Things company needs will be provided by SpaceX which will also benefit SpaceX in more ways than one.

As mentioned in a report by Engadget, Swarm Technologies’ commercial mini- satellite network went live in February this year. Although the company had the funding to launch a total of 150 small satellites, it decided to wait for later.

Anyhow, it is still unclear how SpaceX will make use of Swarm’s mini-satellites and Internet of Things niche but one thing is for sure, Swarm technologies will make full use of SpaceX’s resources to grow. SpaceX might also benefit from Swarm’s Intellectual property expertise.

Nevertheless, if SpaceX can build rockets for space and deploy satellites for its Starlink project, it can surely dive into the Internet of Things niche on its own but having to acquire Swarm Technologies, it can continue to invest into a growth strategy and simultaneously benefit from Swarm Technologies’ area of smallsat and Internet of Things. It is a growth strategy by SpaceX for sure! As mentioned in a report by Engadget, SpaceX also recently launched its rideshare missions that deal with small payloads and Swarm Technologies would most likely serve as a customer for those rideshare missions. Thus, mutual benefits for both SpaceX and Swarm Technologies.

Tags: acquisitionElon MuskSpaceXSwarm Technologies
Tweet54SendShare15
Previous Post

Ray Dalio Still worried about the Government Outlawing Cryptocurrency

Next Post

CoinDCX reaches Unicorn status after its latest funding round

Chhavideep Singh

Hi! I'm Chhavideep, If you like reading about technology, business and start-ups, you've come to the right place. Catch me: [email protected]

Recommended For You

Who Tops the Rich List? 13 Richest Celebrities of 2025

by Thomas Babychan
June 23, 2025
0
Who Tops the Rich List? 13 Richest Celebrities of 2025

In 2025, the entertainment and sports industries continue to shape a major portion of global wealth. Celebrities are no longer just known for their talents in film, music,...

Read more

PhonePe Eyes $1.5 Bn IPO at $15 Bn Valuation

by Ishaan Negi
June 23, 2025
0
PhonePe Raises $850 Million in Funding Round as Walmart’s Stake Drops

Walmart Inc.'s financial gem, PhonePe, is getting ready for a huge expansion. According to reports, the firm, which is the biggest digital payments network in India, intends to...

Read more

Bill Gates Meets Linux Creator Linus Torvalds in Landmark Tech Industry Moment

by Rounak Majumdar
June 23, 2025
0
Bill Gates Meets Linux Creator Linus Torvalds in Landmark Tech Industry Moment

In a moment that captured the collective imagination of the tech world, Bill Gates, the co-founder of Microsoft, and Linus Torvalds, the creator of Linux, met face-to-face for...

Read more
Next Post
CoinDCX reaches Unicorn status after its latest funding round

CoinDCX reaches Unicorn status after its latest funding round

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?