Musk gets FTC nod to acquire SpaceX alumni start-up

Musk gets FTC nod to acquire SpaceX alumni start-up

The US Federal Trade Commission (FTC) has expedited its antitrust review for Elon Musk's proposed acquisition of Mesh Optical Technologies, a start-up founded by three former SpaceX engineers.

The news was first reported by Bloomberg and confirmed through an FTC filing.

The agency fast-tracked its antitrust review process for the deal, paving the way for Musk's potential acquisition of the company.

Mesh Optical Technologies is a start-up founded last year

Founded last year, Mesh Optical Technologies is developing hardware for fast data center communications.

The company came out of stealth mode in February after raising a $50 million Series A round led by Thrive Capital.

The start-up's co-founders, Travis Brashears, Cameron Ramos, and Serena Grown-Haeberli, were instrumental in developing the optical communication links that keep thousands of SpaceX's Starlink satellites interconnected.