Mynaric AG
M0YN.DE
Deutsche Börse0.53
EUR
-0.13
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Mynaric AG
M0YN.DE
(Deutsche Börse)
Recent
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0.53
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yld
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ROIC.AI
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- Business
- Mynaric AG develops and manufactures laser communication products for aerospace-based communication networks serving government and commercial markets primarily in the United States, Europe and internationally. The company offers optical inter-satellite link flight terminals under the CONDOR brand, including models for satellite-to-satellite communications in low Earth orbit (LEO), space-to-air and space-to-ground connectivity; airborne flight terminals under the HAWK brand for air-to-air and air-to-ground links involving unmanned aerial vehicles, high-altitude platforms and aircraft; and related wireless connectivity solutions enabling Gbps-class data transmission over long distances up to several thousand kilometers for terrestrial, airborne and space applications. Founded in 2009 by former employees of the German Aerospace Center and headquartered in Munich, Germany, with additional operations in Los Angeles, California, Mynaric operates through Air and Space segments and focuses on serial production, cost reduction and scalability for satellite constellations and defense missions. In recent developments, Mynaric completed a court-approved StaRUG restructuring under German law in August 2025, significantly reducing its debt burden by over $116 million, securing long-term funding from new principal shareholder JVF-Holding GmbH and exiting prior financial distress to support production ramp-up. Subsequently, in September 2025, Rocket Lab confirmed a $150 million definitive agreement to acquire Mynaric, including $75 million in cash or stock and up to $75 million in performance-based earnouts tied to 2025-2027 revenue targets, enhancing Rocket Lab's satellite subsystems portfolio, optical communications leadership and European manufacturing presence in Munich. These changes follow earlier milestones such as product deliveries, technology demonstrations for U.S. government programs and bridge financing in early 2025.