Mynaric AG is a manufacturer of laser communication equipment for airborne and spaceborne communication networks, so called

constellations A constellation is an area on the celestial sphere in which a group of visible stars forms a perceived pattern or outline, typically representing an animal, mythological subject, or inanimate object. The first constellations were likely defin ...

History

In 2009, Mynaric was founded by former employees of the German Aerospace Center (DLR), and some of the key technologies have been licensed from DLR.Laser terminals from DLR and its spin-off, Mynaric, inducted into the 'Space Technology Hall of Fame'
DLR. 16 February 2018. In November 2013, Mynaric demonstrated for the first time successful laser communication from a jet platform

Tornado A tornado is a violently rotating column of air that is in contact with the surface of Earth and a cumulonimbus cloud or, in rare cases, the base of a cumulus cloud. It is often referred to as a twister, whirlwind or cyclone, although the ...

. A data rate of 1 Gbit/s over a distance of 60 km was achieved at a flight speed of 800 km/h. In October 2017, Mynaric performed an

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

at the

Frankfurt Stock Exchange The Frankfurt Stock Exchange (, former German name: , ''FWB'') is the world's 3rd oldest and 12th largest stock exchange by market capitalization. It has operations from 8:00 am to 10:00 pm ( German time). Organisation Located in Frankfurt, ...

raising 27.3M € of growth capital. In February 2018, Mynaric's laser communication products were inducted into the

Space Technology Hall of Fame The Space Foundation is an American nonprofit organization, the mission of which is to advocate for all sectors of the global space industry through space awareness activities, educational programs, and major industry events. It was founded in ...

of the Space Foundation, and in April 2018, Mynaric announced a partnership with CEA-Leti regarding highly sensitive

avalanche photodiode An avalanche photodiode (APD) is a highly sensitive type of photodiode, which in general are semiconductor diodes that convert light into electricity via the photovoltaic effect. APDs use materials and a structure optimised for operating with high ...

s that may enable longer link distances and reduced system complexity. In June 2018, Facebook's Connectivity Lab (related to

Facebook Aquila The Facebook Aquila was an experimental solar-powered drone developed by Facebook for use as an atmospheric satellite, intended to act as relay stations for providing internet access to remote areas. The Aquila first flew on 28 June 2016 with ...

) was reported to have achieved a bidirectional 10 Gbit/s air-to-ground connection with Mynaric's products. In March 2019, Mynaric announced that former

SpaceX Space Exploration Technologies Corp., commonly referred to as SpaceX, is an America, American space technology company headquartered at the SpaceX Starbase, Starbase development site in Starbase, Texas. Since its founding in 2002, the compa ...

Starlink Starlink is a satellite internet constellation operated by Starlink Services, LLC, an international telecommunications provider that is a wholly owned subsidiary of American aerospace company SpaceX, providing coverage to around 130 countries ...

vice president Bulent Altan joins its management board and that it has raised additional $12.5 million funding from the lead investor of an undisclosed satellite constellation. In November 2021, Mynaric listed on

Nasdaq The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

and raised $75.9 million growth capital drawing

Peter Thiel Peter Andreas Thiel (; born 11 October 1967) is an American entrepreneur, venture capitalist, and political activist. A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in Facebook. According ...

and

ARK Invest ARK Investment Management LLC (commonly referred to as "ARK" or "ARK Invest") is an American investment management firm based in St. Petersburg, Florida, that manages several actively managed exchange-traded funds (ETFs), and the ARK Venture Fu ...

as new investors. The company was also selected by

Northrop Grumman Northrop Grumman Corporation is an American multinational Aerospace manufacturer, aerospace and Arms industry, defense company. With 97,000 employees and an annual revenue in excess of $40 billion, it is one of the world's largest Arms industry ...

as strategic supplier for laser communications and, subsequently, in June 2022, completed a ground demonstration of laser terminals that will be used to send and receive data in space as part of the U.S.

National Defense Space Architecture The Space Development Agency (SDA) is a United States Space Force direct-reporting unit tasked with deploying disruptive space technology.SDA.miAbout Us One of the technologies being worked on is space-based missile tracking using large global s ...

. In July 2022, Mynaric received a strategic investment of $11.4 million from

L3Harris L3Harris Technologies, Inc. is an American technology company, defense contractor, and information technology services provider that produces products for command and control systems, wireless equipment, tactical radios, avionics and electroni ...

. By June 2023, the company established itself as a dominant supplier of optical communications terminals for the Space Development Agency's Proliferated Warfighter Space Architecture, a large global

satellite constellation A satellite constellation is a group of artificial satellites working together as a system. Unlike a single satellite, a constellation can provide permanent global or near-global pass (spaceflight), coverage, such that at any time everywhere on E ...

Products

Mynaric offers various laser communication products for wireless data transmission between

aircraft An aircraft ( aircraft) is a vehicle that is able to flight, fly by gaining support from the Atmosphere of Earth, air. It counters the force of gravity by using either Buoyancy, static lift or the Lift (force), dynamic lift of an airfoil, or, i ...

UAV An unmanned aerial vehicle (UAV) or unmanned aircraft system (UAS), commonly known as a drone, is an aircraft with no human pilot, crew, or passengers onboard, but rather is controlled remotely or is autonomous.De Gruyter Handbook of Drone ...

s, high-altitude platforms (HAPS),

satellites A satellite or an artificial satellite is an object, typically a spacecraft, placed into orbit around a celestial body. They have a variety of uses, including communication relay, weather forecasting, navigation ( GPS), broadcasting, scientif ...

and the ground offering Gbps-class wireless data transmission across long distances up to several thousand kilometers. The company focuses on serial production and cost reduction of its laser communication products and targets laser communication enabled airborne and spaceborne communication networks. Mynaric produces laser communication terminals with a data transfer rate of 10 Gbit/s as of early 2019.

References

{{Reflist

External links

Official Website

Company report
by Edison Investment Research Computer companies of Germany Computer hardware companies Satellite Internet access Private spaceflight companies Telecommunications equipment vendors Networking hardware companies Companies listed on the Frankfurt Stock Exchange Companies listed on the Nasdaq

History

Products

See also

References

External links