UPDATE July 31: This story was updated to include Mynaric's response to questions.

PARIS — Startup laser communications terminal manufacturer Mynaric AG said it would cease all business in China, a major customer, following the German government’s denial of an export license. Mynaric said the decision will cost it a contract that would have been valued in double-digit millions of euros.

The government decision came two years after Mynaric first announced an MoU with an unidentified satellite constellation operator for up to 1,000 laser terminals, which . . .

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