FTC gives Musk the OK to acquire SpaceX alumni startup Mesh

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FTC gives Musk the OK to acquire SpaceX alumni startup Mesh Marina Temkin Fri, June 26, 2026 at 8:38 PM EDT 1 min read SPCX GOOGL Elon Musk is eyeing an acquisition of Mesh Optical Technologies, a startup founded by three former SpaceX engineers last year developing hardware for fast data center communications. The potential acquisition, which was revealed in a Federal Trade Commission filing and first reported by Bloomberg , confirmed the agency expedited its antitrust review. Mesh Optical came out of stealth in February when it announced that it raised a $50 million Series A led by Thrive Capital. Before founding Mesh Optical, the startup's co-founders, Travis Brashears, Cameron Ramos, and Serena Grown-Haeberli, developed the optical communication links that keep thousands of SpaceX's Starlink satellites interconnected. The Mesh co-founders saw an opportunity to develop optical transceivers for terrestrial data centers, as light-based hardware is faster and more energy-efficient than traditional electrical-based systems. SpaceX has recently entered into agreements with Anthropic, Google, and the open-source AI developer Reflection AI to provide them with compute capacity at its data centers, generating a substantial new revenue stream for the newly public company. Acquiring Mesh could eventually allow SpaceX to improve the efficiency of its data centers, whether they are located on Earth or, in the future, in space.

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The FTC has effectively cleared Elon Musk's acquisition of Mesh Optical Technologies. Mesh, founded by former SpaceX engineers, is a startup developing high-speed, low-power optical transceivers for data centers and received a $50M Series A led by Thrive Capital. SpaceX has already secured new revenue streams by providing compute to Anthropic, Google, and Reflection AI, and acquiring Mesh could improve data-center efficiency and margins. The deal is positive for expanding AI infrastructure and cloud demand and is likely to trigger significant changes in the competitive landscape between traditional electrical networking equipment and optical transceivers.

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