| Formerly | Vialight Communications (2009–2017) |
|---|---|
| Company type | Public |
| Nasdaq: MYNA | |
| ISIN | DE000A31C305 |
| Industry | Aerospace,Telecommunications equipment,Networking equipment |
| Founded | 2009; 16 years ago (2009) |
| Founder | Dirk Giggenbach Joachim Horwath Markus Knapek  |
| Headquarters | Munich (Germany),Hawthorne, California &Washington, D.C. (United States) |
| Products | Laser communication equipment for aircraft and satellites, Optical ground stations |
| Subsidiaries | Mynaric USA |
| Website | mynaric |
Mynaric AG is a manufacturer oflaser communication equipment for airborne and spaceborne communication networks, so calledconstellations.
In 2009, Mynaric was founded by former employees of theGerman Aerospace Center (DLR),[1] and some of the key technologies have been licensed from DLR.[2]
In November 2013, Mynaric demonstrated for the first time successful laser communication from a jet platformTornado. A data rate of 1 Gbit/s over a distance of 60 km was achieved at a flight speed of 800 km/h.[3][4] In October 2017, Mynaric performed anIPO at theFrankfurt Stock Exchange raising 27.3M € of growth capital.[5][6]
In February 2018, Mynaric's laser communication products were inducted into theSpace Technology Hall of Fame of the Space Foundation,[2][7] and in April 2018, Mynaric announced a partnership withCEA-Leti regarding highly sensitiveavalanche photodiodes that may enable longer link distances and reduced system complexity.[8][9] In June 2018, Facebook's Connectivity Lab (related toFacebook Aquila) was reported to have achieved a bidirectional 10 Gbit/s air-to-ground connection with Mynaric's products.[10]
In March 2019, Mynaric announced that formerSpaceXStarlink vice presidentBulent Altan joins its management board and that it has raised additional $12.5 million funding from the lead investor of an undisclosed satellite constellation.[11][12]
In November 2021, Mynaric listed onNasdaq and raised $75.9 million growth capital drawingPeter Thiel andARK Invest as new investors.[13][14] The company was also selected byNorthrop Grumman 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.[15] In July 2022, Mynaric received a strategic investment of $11.4 million fromL3Harris.[16] By June 2023, the company established itself as a dominant supplier of optical communications terminals for theSpace Development Agency's Proliferated Warfighter Space Architecture, a large globalsatellite constellation.[17]
Mynaric offers variouslaser communication products for wireless data transmission betweenaircraft,UAVs,high-altitude platforms (HAPS),satellites 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 targetslaser communication enabled airborne and spaceborne communication networks.[1] Mynaric produces laser communication terminals with a data transfer rate of 10 Gbit/s as of early 2019.[18]