IPO commitment accelerates implementation! Musk approved to acquire optical communication company Mesh, advancing space computing power strategy

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Musk's business empire continues to expand. The U.S. Federal Trade Commission (FTC) has approved his acquisition of optical communications company Mesh Optical Technologies, marking another successful step in SpaceX’s recent spate of mergers and acquisitions.

The FTC disclosed the transaction in a notice, stating that the antitrust review was placed under a fast-track approval process, indicating that regulators see no significant competition issues with this acquisition.

Mesh was founded by former SpaceX engineers and focuses on optical communication technology for data centers, claiming its optical transceivers offer higher energy efficiency and lower latency compared to existing solutions. In February this year, Mesh exited “stealth mode” and announced a $50 million financing round led by Thrive Capital.

This acquisition is the latest development in a series of expansion moves by SpaceX. Previously, SpaceX completed the acquisition of AI programming startup Cursor and signed several computing power cooperation agreements with Anthropic, Google, and AI startup Reflection.

These moves are closely related to the promises made during SpaceX’s initial public offering (IPO), with large-scale satellite deployment and space-based AI computing power as the core growth narrative.

Mesh Technology Aligns with SpaceX’s Space Computing Power Strategy

Mesh is developing optical transceivers that transmit information between data centers using optical signals, claiming advantages in energy efficiency and latency over existing solutions.

Mesh was founded by SpaceX engineers who participated in Starlink’s laser communication technology development, and they hope to apply their technology to the space sector in the future.

SpaceX, which recently completed a record-breaking IPO, counts its plan to launch up to one million satellites into low Earth orbit to provide complex computing capabilities for artificial intelligence as one of its major selling points.

Similar to Starlink, SpaceX’s future space data center network—recently named Starmind—is also expected to rely on laser communication technology between satellites.

Intensive M&A, Accelerating Fulfillment of IPO Promises

This potential acquisition follows SpaceX’s purchase of AI startup Cursor, showing that Musk is advancing the blueprint laid out to investors during the IPO.

The introduction of Cursor is intended to boost the code generation capabilities of SpaceX’s xAI lab—considered a relatively weak link in the lab. Meanwhile, SpaceX is also advancing data center construction in Tennessee and Mississippi.

On the computing power commercialization front, SpaceX recently reached multiple deals with Anthropic, Google, and AI startup Reflection, opening its chips and data center resources to external customers, providing concrete support for the business model outlined in the IPO.

Apart from AI deployments, another major promise of Musk’s business empire is to build the “Everything App.” This includes launching banking and payment services called X Money within the social platform X.

This week, Musk has begun expanding X Money access to some U.S. X Premium subscribers.

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