Host
Globally, the need for fast, secure and ubiquitous network connectivity is advancing inexorably. Data networks such as the internet are now largely based on infrastructure on the ground which cannot be expanded arbitrarily for legal, economic or logistical reasons. The future, therefore, calls for an expansion of the existing network infrastructure into air and space. This requires laser communication products to establish the necessary data highways for satellite constellations and other meshed networks in air and space. Mynaric strives to enable global connectivity by leading the industrial age of laser communication and making secure and high-speed optical communication widely available. The Nasdaq- and Frankfurt-listed company produces standardised optical communications terminals for air, space and mobile applications at scale. The company is headquartered in Munich, Germany, with additional locations in Los Angeles, California, and Washington, D.C.
Development
Mynaric was founded in 2009 with the goal of commercialising wireless laser communication systems. Initially working with customers on demonstrations for airborne scenarios, Mynaric soon started to focus on mass manufacturability of its products and the space market. With the vision to become a high-volume manufacturer for laser communications the company listed on Frankfurt stock exchange in 2017 and since then grew rapidly – establishing sites in the United States and completing a secondary listing on Nasdaq in 2021. With established manufacturing capabilities and a range of reputable customers in backlog Mynaric is today excellently positioned for continued growth in the years to come.
Appraisal
The development of Mynaric is an extraordinary success story. Winning best submitted idea at the INNOspace Masters Awards in 2015/16, Mynaric developed from a start-up and alumni of ESA BIC Bavaria to an internationally leading and stock-listed provider of a key technology for current and future space systems. It is successes like Mynaric that showcase the impact of supporting start-ups on their growth path.
