SpaceX granted early termination from FTC for Mesh Optical merger

M&A · PartnershipRegulation

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Summary · why it matters

SpaceX 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 and came out of stealth in February after receiving $50 million in funding from Thrive Capital. SpaceX shares were modestly lower in late trading on Friday.

Space Exploration Technologies Corp. Class A Common Stock ±

Impact on stocks 1

Space Economy▲ · 1 stocks

Space Exploration Technologies Corp. Class A Common Stock

± MixedRegulationrelevance

FTC early termination removes regulatory hurdle for acquisition, but stock was modestly lower.

Off-coverage companies 2

Mesh Optical TechnologiesPrivate▲ Positive

Capitalrelevance

Acquisition by SpaceX provides exit and validation for Mesh Optical Technologies.

Thrive CapitalPrivate± Mixed

Capitalrelevance

Thrive Capital is a prior investor; acquisition may affect its stake, but no direct impact mentioned.