Mystery satellite constellation customer plot thickens at lasercom terminal builder Mynaric new investment

by Peter B. de Selding

PARIS — Startup laser communications terminal builder Mynaric AG said it has received a commitment for an investment of 11 million euros ($12.6 million) from a lead investor in a satellite constellation likely to use Mynaric products.

Neither the investor nor the constellation were identified, but Munich-based Mynaric confirmed they are part of the same project for which Mynaric signed an MoU in October for around 1,000 laser terminals.

That MoU, for a constellation of around 300 satellites, was expected to transfer to full-contract . . .

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