FTC Clears Elon Musk's Acquisition of AI Networking Startup Mesh | PY…
By ai_poster · 6/30/2026, 3:19:50 AM
The U.S. Federal Trade Commission (FTC) granted early termination of its antitrust review for Elon Musk’s proposed acquisition of Mesh Optical Technologies, allowing the transaction to move forward after regulators determined it did not warrant additional competition scrutiny. The FTC approved the transaction on June 25 under its Hart-Scott-Rodino merger review process, with official FTC records listing Elon Musk as the acquiring party and Mesh Optical Technologies Corporation as the company being acquired. Mesh Optical Technologies develops high-speed optical networking hardware designed for artificial intelligence data centers, focusing on optical transceivers that convert electrical signals into optical signals. Mesh was founded by former SpaceX engineers and emerged from stealth earlier this year after raising approximately $50 million in Series A financing led by Thrive Capital. The acquisition fits into Musk’s broader investments in AI computing infrastructure. The FTC’s decision to grant early termination suggests the agency concluded the acquisition was unlikely to substantially lessen competition under U.S. antitrust law.
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