Rocket Lab Corporation, a global leader in launch services and space systems, announced it has received regulatory approval to acquire Mynaric AG (“Mynaric”), a leading provider of laser optical communications terminals for air, space, and mobile applications. The transaction was reviewed and approved by Germany’s Federal Ministry for Economic Affairs and Energy, and as a result, Rocket Lab expects the transaction to close in April.

“Receiving regulatory approval is an important milestone on the path to acquiring Mynaric. We’re an exciting step closer to expanding our ability to support the German and European space industry at a much greater level,” said Rocket Lab founder and CEO Sir Peter Beck. “Laser communications are a critical enabler for the constellations of today and tomorrow, and Rocket Lab is going to make them available at scale. We look forward to joining forces with the Mynaric team so that we can make optical terminals available at the volume and pace that commercial and government satellite customers demand across Europe and our existing markets.”

Strategic Importance of the Acquisition:  

• The acquisition is expected to further strengthen Rocket Lab’s proven capabilities as a leading launch provider, spacecraft manufacturer, and supplier of satellite components at scale to the global space market.
• Laser communication is a key enabler for satellite constellations. It provides transformative advantages over traditional radio frequency communications, including higher data rates, increased security, scalability, and efficient use of spectrum. Despite these benefits, laser communication has become a supply chain pain point for constellation operators, with products not readily available in high volumes at affordable prices. Through previous acquisitions Rocket Lab has a strong track record of taking satellite subsystems and components previously only available in subscale quantities and with long lead times and make them affordable and available at scale. Rocket Lab intends to do the same with Mynaric’s optical terminals to serve a growing list of customers and large constellations.
• Mynaric will continue to be headquartered in Munich, Germany, upon the transaction closing, establishing Rocket Lab’s first European footprint and enabling the Company to expand its ability to support German and broader European space programs.
• Mynaric is already a subcontractor to Rocket Lab, providing CONDOR Mk3 optical communication terminals for the Company’s $1.3 billion prime contracts with the Space Development Agency (SDA) to produce 36 satellites across the Transport Layer-Beta Tranche 2 and Tracking Layer Tranche 3 programs. Mynaric is also a supplier to other SDA contracts, and Mynaric and Rocket Lab share many customers spanning commercial constellation operators, satellite prime contractors, and defense and civil government agencies. Rocket Lab intends to scale production and introduce efficiencies to Mynaric’s existing manufacturing capability, providing customers with improved confidence their terminals will be delivered on schedule and on budget.

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