The FTC has approved Musk's antitrust filing for Mesh's acquisition, which involves the deployment of optical networks for AI data centers.

According to ChainCatcher, the latest filings with the U.S. Federal Trade Commission (FTC) indicate that Elon Musk has received antitrust approval to acquire optical networking startup Mesh Optical Technologies. This means the FTC has completed a expedited antitrust review and will not question the transaction on competition grounds, clearing a major regulatory hurdle for the deal. However, it has not yet been disclosed whether the deal has been signed or completed. Mesh was founded by former SpaceX engineers, and its core product is optical transceivers for AI data centers. Compared to traditional network hardware, these transceivers improve energy efficiency, reduce latency, and enhance reliability to meet the demand for millions of optical connections driven by the growth of AI computing clusters. The founding team previously participated in the development of the laser communication system for SpaceX's Starlink satellite network and plans to deploy optical communication technology in space in the future to meet the inter-satellite laser communication needs of orbital data centers and AI satellite networks. The company completed a funding round of over $50 million in February of this year, led by Thrive Capital. The acquisition of Mesh is one of SpaceX's moves to strengthen its competitiveness in large-scale computing clusters. SpaceX has now made AI computing power a core business segment. Its xAI division operates the Colossus and Colossus II training clusters, totaling approximately 1GW of computing power, making it the first company to deploy a continuous gigawatt-scale AI training cluster. Colossus II will add over 400MW of computing power and more than 220,000 GB300 chips. It has already signed computing power cooperation agreements with Anthropic, Google, and Reflection AI, directly competing with hyperscale cloud providers such as Amazon Web Services, Microsoft Azure, and Google Cloud. This year, SpaceX also reached a Terafab chip manufacturing agreement with Tesla and Intel, extending its vertical integration capabilities in chip design and manufacturing. Over the past week, SpaceX's stock price ended its upward trend, closing at $153.23 per share, a drop of over 32% from its peak of $225.64 per share.