Mynaric is a manufacturer specializing in laser communication technology for aerospace applications. They produce optical communications terminals designed for high-speed, secure, and long-distance wireless data transmission between satellites, aircraft, drones, and other mobile platforms. Mynaric's products are used in various government and commercial space programs, including contracts with the U.S. Space Development Agency (SDA), the European Space Agency (ESA) and DARPA. Rocket Lab announced plans to acquire Mynaric in March 2025, aiming to scale production of these terminals for its own constellations and other customers.
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Reflex Aerospace, together with partner companies Mynaric and Isar Aerospace, leads the UN:IO consortium assessing the establishment of a 400-satellite constellation for broadband internet on behalf of the European Commission.
Tina Ghataore is chief commercial officer at Mynaric and participated on a Satellite 2022 conference panel on 2022-03-22.
Mynaric launched the CONDOR Mk3 optical communications terminal in August 2021.
Mynaric was awarded a contract by the European Space Agency to analyze, design, build, and test on a laboratory model an end-to-end optical communication system capable of 1 Terabit per second (Tbps) data transmission speeds.
Mynaric was selected on 2021-12-20 to participate in the Defense Advanced Research Projects Agency Space-BACN program to develop next-generation laser communications terminals to connect government and commercial satellites.
Mynaric will develop the architectural design of a next-generation optical communications terminal as part of phase 0 of the Space-BACN program.
The UN:IO consortium comprises 14 companies led by satellite manufacturer Reflex Aerospace, launch provider Isar Aerospace, and laser specialist Mynaric.
Mynaric performed an initial public offering on the Nasdaq exchange on 2021-11-12, raising up to $75,900,000 to fund its growth.
Mynaric’s Nasdaq shares closed up $2.75, or 16.7%, at the end of the first day of trading on 2021-11-12.
Northrop Grumman selected Mynaric as a strategic supplier for laser communications equipment on 2021-11-01.
Capella ordered up to 20 CONDOR Mk3 optical communications terminals from Mynaric for its synthetic aperture radar satellites to relay data through the Space Development Agency’s Transport Layer Tranche 1 constellation.
Mynaric intends to use IPO proceeds for sales and marketing and to expand manufacturing capabilities in the United States.
Mynaric will deliver one CONDOR Mk3 terminal to Capella Space in 2022 for an in-space interoperability demonstration with the Space Development Agency in early 2023.
Mynaric plans to ramp up production of CONDOR terminals to high double digits per month by the end of 2022.
Northrop Grumman is estimated to buy a minimum of $35,000,000 worth of Mynaric equipment over five years.
Mynaric and Northrop Grumman will jointly develop and offer laser communication solutions for U.S. government space programs.
Northrop Grumman will purchase CONDOR Mk3 optical communications terminals from Mynaric for satellites that provide data rates between 100 megabits per second and 100 gigabits per second.
On 2021-11-01, Northrop Grumman selected Mynaric as a strategic supplier.
Mynaric expanded its U.S. presence with operations in Los Angeles and an office in Washington, D.C.
Mynaric’s production facility for HAWK was inaugurated in June 2021 and is currently in pre-series production.