SpaceX to take off with Swarm

Elon Musk's SpaceX is acquiring satellite specialist Swarm for an undisclosed sum, according to documents filed with the Federal Communications Commission. Swarm operates a network of small satellites that connect to internet of things devices. The Bay Area startup has been backed by Craft Ventures and Social Capital. It was valued at $85 million in 2019, according to PitchBook data.