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Mynaric is expanding its footprint in the United States and opening an office in Washington, D.C.
Mynaric is not providing the optical links for the Transport Layer.
Mynaric will not be able to launch its first laser communications terminal 2020 because of a German ban on exporting that technology to China.
Mynaric grew by more than 50% in the first six months of 2020, expanding from 95 employees to more than 150 employees across Europe and the United States.
Mynaric anticipated launching its first laser terminal aboard a Chinese spacecraft later 2020 but received a notice from the German government in July regarding an export ban on such technology to China.
On 2020-09-04, Mynaric's Los Angeles subsidiary Mynaric USA was selected to provide laser terminals to an undisclosed customer for a U.S. government program.
German laser-communications startup Mynaric raised 11,000,000 EUR in 2019.
The 55-euro-per-share price paid by the constellation venture was about 4 EUR below Mynaric’s 52-week high and about 10 EUR higher than Mynaric shares closed on 2019-03-18 on the Frankfurt Stock Exchange.
Mynaric’s unnamed customer is waiting for Mynaric to test its laser terminals in space, with the in-orbit test scheduled to take place in 2020.
Mynaric started producing optical ground stations in 2018 and plans an airborne version to enter production in the second half of 2019.
Mynaric has raised 50,000,000 EUR in funding to date.
The constellation venture paid 55 EUR per share for the Mynaric stock purchased in the 2019-03-18 transaction.
Mynaric raised 11,000,000 EUR in post-IPO funding from a mystery satellite constellation venture that plans to buy up to 1,000 laser communications terminals.
The mystery constellation venture provided funding through a 2019-03-18 stock transaction that resulted in a 6.9 percent ownership stake in Mynaric.