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Rheinmetall concluded Mynaric’s technology could be accessed through commercial licensing or subcontracts rather than a full acquisition.
Mynaric exited the StaRUG restructuring process in August 2025.
A final decision from the German Ministry of Economic Affairs regarding the Mynaric deal was expected by the end of March 2026.
Mynaric’s backlog is reported to derive over 90% from U.S. defense revenue.
SatNews’s redesigned satnews.com displays current headlines about a bidding war for Mynaric.
Mynaric has delivered over 100 CONDOR Mk3 terminals for the U.S. Space Development Agency’s Proliferated Warfighter Space Architecture.
Joachim Horwath is Chief Technology Officer at Mynaric.
Mynaric (Nasdaq: MYNA) was selected by the European Space Agency for demonstration activities under Element 3 of the HydRON program on March 4.
Mynaric exited German StaRUG restructuring proceedings in late 2025.
Mynaric has shifted from a project-based firm to an industrialized, product-led manufacturer.
Mynaric previously worked on HydRON Element 2 by developing a LEO satellite collector to bridge different orbital layers.
The October 2026 QuNET testing campaign will further validate Mynaric’s Quantum Key Distribution capabilities.
Mynaric will provide laser communications terminals for in-orbit testing and validation of the User Segment within ESA’s space-based optical data relay infrastructure.
Mynaric is the subject of an intensified bidding contest between Rheinmetall and Rocket Lab.
Mynaric has three other QuNET projects in development: a QKD-enabled ground station, demonstrations of optical connections to high-altitude platforms including potential stratospheric aircraft, and compact QKD-related sensor technologies for fixed and mobile connectivity.
Mynaric expects QKD technology to be operational in orbit before the end of the decade.
Mynaric could supply hardware for future iterations of Europe’s IRIS 2 secure-connectivity architecture.
German defense firm Rheinmetall is considering a bid for Mynaric to keep the company under German ownership.
Mynaric is a Munich-based laser communications specialist.
Mynaric exited German StaRUG restructuring proceedings in August 2025.