A potential bid for Mynaric, a Germany-based satellite laser specialist, from Rheinmetall AG has failed and Rheinmetall has withdrawn from the bidding process. This leaves RocketLab as the sole bidder and thus opens the door for Sir Peter beck’s RocketLab to move ahead with its purchase of the business. The Rheinmetall bid was seen as […]
Munich-based Mynaric, which makes satellite laser terminal links, has exited the German version of Chapter 11 (StaRUG). Back in March, Sir Peter Beck’s Rocket Lab announced plans to acquire Mynaric but there’s now a new owner in place. The new owner is JVH-Holding, which had been Mynaric’s main creditor but agreed to waive $105 million […]
Sir Peter Beck’s New Zealand-based rocket builder, Rocket Lab, is buying German-based satellite laser specialists Mynaric. Rocket Lab will pay $75 million (€68.7m) in cash and stock and there’s potential for another $75 million in an ‘earn out’ consideration. However, key to the purchase is the statement from Rocket Lab and that its intention is […]
German satellite equipment maker Mynaric AG is widely expected to file for bankruptcy protection in the next few days. Munich-based Mynaric is a major producer of laser communication systems for use in space. Its customer portfolio includes Northrop Grumman, Rocket Lab and York Space. The German bankruptcy rules allow businesses to file for protection under […]
Germany-based Mynaric, which manufactures sophisticated laser technology for use in satellites, is raising cash by selling up to 20 million American Depositary Shares (ADS) equal to 5 million of the company’s ordinary shares. Dated September 29th, the offer says that the ADS value is currently $4.80 according to their listing on Nasdaq. Mynaric’s German ordinary […]
Munich-headquartered Mynaric makes inter-satellite laser links (more correctly called optical communications terminals). It has just reported its half-year results, which show continued demand for its products. The news release highlighted that Mynaric has raised €80.6 million growth capital in April 2023 via a $75 million 5-year term loan debt and equity issuance to US-based global […]
Munich-based Mynaric makes laser communication equipment for airborne and spaceborne communication networks. The growing mega-constellations of satellites increasingly depend on these laser inter-satellite links. And business at Mynaric is booming. As at April 27th it enjoyed a 348 terminal backlog, up from 256 orders as at Dec 31st. Mynaric’s mission statement is simple: “We create […]