Overview
- Germany’s economy ministry approved the acquisition Monday, clearing the way for the deal to close in April.
- Mynaric will remain based in Munich, giving Rocket Lab its first operational foothold in Europe.
- The buyout brings in-house production of CONDOR Mk3 optical terminals used on Rocket Lab’s roughly $1.3 billion Space Development Agency programs.
- Rocket Lab says it will scale Mynaric’s factory output to cut lead times and give customers more certainty on delivery and cost.
- Rocket Lab shares rose about 5% in premarket trading after the approval, and Stifel reiterated a Buy rating with a $90 price target.