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Rocket Lab completes $155.3M acquisition of Mynaric, adding laser optical communications
Rocket Lab Corp
- Consideration of $155.3M consists of nominal cash and 2,277,002 shares of RKLB common stock.
- Mynaric will remain headquartered in Munich, establishing Rocket Lab's first European footprint.
- Mynaric's CONDOR Mk3 terminals are used in Rocket Lab's $1.3B SDA satellite contract.
- Rocket Lab plans to scale Mynaric production to meet demand from commercial and government customers.
- The deal received approval from Germany's Federal Ministry for Economic Affairs and Energy.