Rocket Lab Acquires Mynaric for $155.3M, Debuts Gauss Thruster with 200-Unit Annual Capacity
Rocket Lab completed its $155.3 million acquisition of Mynaric AG in cash and 2.28 million shares, adding CONDOR Mk3 laser optical terminals and establishing a Munich base to support commercial and defense satellite programs. It introduced the Gauss electric propulsion thruster with a production line targeting over 200 units annually.
1. Acquisition of Mynaric AG
Rocket Lab paid $155.3 million in cash and 2,277,002 shares to acquire Mynaric AG, gaining control of its CONDOR Mk3 laser optical communication terminals. The deal follows approval by Germany’s Federal Ministry for Economic Affairs and Energy and marks Rocket Lab’s first European foothold, with Mynaric remaining headquartered in Munich to serve regional and global satellite customers.
2. Launch of Gauss Electric Propulsion Thruster
Rocket Lab unveiled its in-house Gauss Hall-Effect Propulsion System, featuring a Hall thruster, power processing unit and propellant management assembly designed for high specific impulse and efficiency. A dedicated production line aims to deliver over 200 thrusters per year, addressing chronic supply constraints for commercial and national security satellite constellations.