On April 14, Rocket Lab Corporation announced it has completed the acquisition of Mynaric AG. Rocket Lab paid an aggregate consideration value of $155.3 million consisting of a nominal cash payment and 2,277,002 shares of Rocket Lab’s Common Stock. The acquisition strengthens Rocket Lab’s extensive capabilities as a leading launch provider, spacecraft manufacturer, and supplier of satellite components at scale to the global space market, the company said.
“Laser communication is a key enabler for satellite constellations, but it has long been a supply chain pain point for commercial and government constellation operators. High-performing and cost-effective products simply have not been available in high volumes. That changes today with Mynaric now officially part of Rocket Lab,” said Sir Peter Beck, founder and CEO of Rocket Lab. “We have a strong track record of unlocking satellite subsystem bottlenecks, making industry-leading technology affordable and available at scale. We look forward to joining forces with the Mynaric team to do the same for laser communications.”
An important driving factor behind the acquisition decision was Rocket Lab’s extensive insight into the Mynaric team and technology, thanks to Mynaric providing CONDOR Mk3 optical communication terminals for Rocket Lab’s $1.3 billion prime contracts to produce 36 satellites for the Space Development Agency (SDA) Proliferated Warfighter Space Architecture.
Source: Rocket Lab
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