FTC Greenlights Musk's Acquisition of Startup Mesh

WHO:

TechCrunch - Elon Musk is involved in the acquisition.

Techmeme - Mesh Optical Technologies was founded by former SpaceX engineers.

WHAT:

TechCrunch - The FTC has approved Musk's acquisition of the startup Mesh.

Techmeme - Mesh raised a $50 million Series A funding round.

WHERE:

Techmeme - Mesh is focused on making high-efficiency optical transceivers for data centers.

WHEN:

Techmeme - Mesh came out of stealth in February.

WHY:

Techmeme - The acquisition is part of Musk's strategy to expand his business interests in technology.

HOW:

Techmeme - The FTC fast-tracked the approval process for the acquisition.

(UPDATED June 27, 2026 01:38 UTC)

The FTC has approved Musk's acquisition of the startup Mesh Optical Technologies, which was founded by former SpaceX engineers and focuses on creating high-efficiency optical transceivers for data centers. Mesh recently raised a $50 million Series A funding round and came out of stealth in February. This acquisition is part of Musk's strategy to expand his business interests in technology, and the FTC fast-tracked the approval process to facilitate the deal.