Rocket Lab Completes $155.3M Mynaric Acquisition

Rocket Lab has completed its acquisition of Mynaric AG, a provider of laser optical communications terminals for air, space, and mobile applications. Rocket Lab paid aggregate consideration value of $155.3 million, consisting of a nominal cash payment and 2,277,002 shares of Rocket Lab common stock.

The transaction strengthens Rocket Lab’s space systems portfolio and establishes its first European footprint, with Mynaric continuing to be headquartered in Munich. The completion followed approval by Germany’s Federal Ministry for Economic Affairs and Energy.

Rocket Lab said Mynaric provided CONDOR Mk3 optical communication terminals for Rocket Lab’s $1.3 billion prime contracts to produce 36 satellites for the Space Development Agency.