Today news has come out that ADS-B Exchange (ADSBx) founder Dan Streufert has sold ADSBx to a private firm called JETNET for (an estimated) $20 million. Dan was the sole owner of ADSBx, and after the sale he remains employed by JETNET. JETNET is a firm that provides aviation market intelligence to business customers.
UTICA, NY - JETNET, a leading provider of aviation data and market intelligence, announced today that it acquired ADS-B Exchange, one of the world’s largest networks of ADS-B/Mode S/MLAT feeders and providers of real-time and historical flight data. The acquisition is the second of what the company anticipates will be several future acquisitions as JETNET expands its data-driven product offerings for the aviation industry.
Founded in 2016 by Dan Streufert, ADS-B Exchange aggregates approximately 750,000 messages per second worldwide via receivers hosted by aviation enthusiasts around the world. The acquisition of ADS-B Exchange will enable JETNET to expand its flight data solutions with real-time information.
“ADS-B Exchange was founded as the go-to resource for aviation and flight-data enthusiasts,” said Dan Streufert, President and Founder of ADS-B Exchange. “Joining forces with JETNET is the perfect match as we look to meet the business needs of our users while maintaining our enthusiast roots and unfiltered data. With a long history of providing highly valuable data to the aviation industry, JETNET offers the resources we need to accelerate our growth.”
Like JETNET, ADS-B Exchange serves numerous constituents across the aviation industry, including Maintenance, Repair, Overhaul (MRO), airport operations, and aircraft leasing. In addition, its real-time data is used by dozens of commercial customers across numerous end markets, including aerospace & defense, government, research/academic, and financial services.
“We are committed to providing our customers with innovative product offerings which provide the information and intelligence they rely on to make critical business decisions,” said JETNET CEO Derek Swaim. “We’ve long admired ADS-B Exchange and know how strategic the company’s real-time data offerings are to the aviation industry. Dan has done an incredible job building a fast-growing business that customers love. We believe he, and the ADS-B Exchange platform, will bring significant value to our customers.”
About JETNET
As a leading provider of aviation market information, JETNET delivers comprehensive and reliable business aircraft research to its exclusive clientele of aviation professionals worldwide. JETNET is the ultimate source of information and intelligence on the worldwide business, commercial, and helicopter aircraft fleet and marketplace, comprising more than 110,000 airframes. Headquartered in its state-of-the-art facility in Utica, NY, JETNET offers comprehensive, user-friendly aircraft data via real-time internet access or regular updates. JETNET is a portfolio company of Silversmith Capital Partners.
ADSBExchange.com is an open source aggregator of ADS-B aircraft tracking data, contributed by volunteers who are all mostly running RTL-SDR radio dongles and Raspberry Pi based feeders. ADS-B data is transmitted at 1090 MHz and can be used to track aircraft movements.
Outrage over the sale has been expressed on Discord by various ADSBx open source co-developers who objected to the sale and appear to have received no compensation from the deal. The outrage has resulted in some co-developers actively encouraging that volunteer feeders remove their station from the ADSBx network. Several hundred of the over 9000 feeders have already disconnected their feeding stations, and the count is dropping (at the time of this post there were 9234 feeders).
Unlike similar ADS-B aggregators like FlightAware, FlightRadar24 and RadarBox, ADSBx is open source and promises to never censor the ADS-B data of billionaires, political leaders, military, police or other sensitive private aircraft. This has caused discussion over whether this free speech absolutist stance is either less or more moral. At the moment it is unclear if the acquisition will result in any ADSBx censorship policies changing.
Famously the @elonjet account (now @ElonJetNextDay) on Twitter used data from ADSBx. This account was used to automatically tweet out the location of Twitter owner Elon Musk's private jet in real time. The @elonjet account along with the @adsbexchange account was banned from Twitter shortly after Elon Musk's child had an altercation with a stalker. Legal action was threatened against @elonjet and "organizations who supported harm to [Elon Musk's] family" which could imply that ADSBx is in the legal action firing line.
While the sale may be discouraging to some, the project is still entirely open source, so it seems that only the branding and rights to the data collected have been sold. The following is entirely speculation on our behalf, but given that ADSBx was likely not very profitable and struggling to cover operating costs from donations only, and the threat of substantial legal action being taken against it's sole owner, the sale seems like the smart decision for the founder. We hope that the co-developers will receive some fair compensation as well.
ADS-B Exchange has been key to projects like "Dictator Alert" which tracks the real time location of the private jets of known dictators.
The Organized Crime and Corruption Reporting Project (OCCRP) has also made use of ADS-B Exchange data in the past to uncover the role that US civilian aircraft contractors are playing in the East African "kill chain".
Media have also used ADS-B Exchange to track the movements of the military aircraft like Black Hawk Helicopters and CBP Predator drones that were used to monitor crowds during the George Floyd protests.
On Twitter John Wiseman @lemonodor has also been using ADS-B Exchange data for various projects like "Advisory Circular Bots" which automatically detects circling aircraft (which may be of interest, as a circling aircraft may indicate an incident in the area), and for highlighting areas of the globe with possible GPS jamming which can be inferred from the GPS location data transmitted by aircraft. He also uncovered a massive, secret FBI operation involving the use of 'spy planes' operating over American cities.
Unrelated to ADS-B Exchange, live ADSB tracking is also used by hedge fund investors to gain an edge by tracking the movement of company aircraft in order to try and predict deals and by UN investigators investigating arms embargo violations.
