SpaceX granted early termination from FTC for Mesh Optical merger

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SpaceX ( SPCX ) was granted early termination from the U.S. Federal Trade Commission on Friday for its deal to acquire Mesh Optical Technologies. Mesh Optical Technologies, which works on optical data center communication technology, was founded by former SpaceX employees.

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SpaceX received approval from the U.S. FTC for early termination of the review of its acquisition of Mesh Optical Technologies, effectively opening the way for the deal to close quickly. Mesh Optical holds optical communications technology for data centers and its founders include former SpaceX employees. The acquisition is expected to accelerate SpaceX's internalization of optical communications capabilities, improving terrestrial network and backhaul performance and strengthening the competitiveness of networks such as Starlink. At the same time, the signal of reduced regulatory uncertainty could encourage additional M&A in the space and telecommunications sectors, while posing demand declines and intensified competition pressures for existing parts and equipment suppliers.

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