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Mynaric, CACI, and Tesat are building out optical space businesses as laser communications technology matures.
Companies including CACI, Mynaric, and Tesat are preparing to ramp up production to support the Space Development Agency's planned procurements of optical terminals.
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’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.
Mynaric intends to use IPO proceeds for sales and marketing and to expand manufacturing capabilities in the United States.
Mynaric performed an initial public offering on the Nasdaq exchange on 2021-11-12, raising up to $75,900,000 to fund its growth.
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 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.
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 and Northrop Grumman will jointly develop and offer laser communication solutions for U.S. government space programs.
Northrop Grumman is estimated to buy a minimum of $35,000,000 worth of Mynaric equipment over five years.