Mynaric Revenue and Competitors

Mynaric (Frankfurt Stock Exchange: M0Y, ISIN: DE000A0JCY11) produces the optical fiber for the skies and, as a pioneer of laser communication, enables extremely fast and secure wireless data transmission between aircraft, drones and satellites. Globally, the need for fast and ubiquitous network connectivity is advancing inexorably. Data networks such as the internet are now largely based on infrastructure on the ground which cannot be expanded arbitrarily for legal, economic or logistical reasons. The future, therefore, calls for an expansion of the existing network infrastructure into air and space. Here, large technology companies are building an "internet above the clouds"? consisting of hundreds or thousands of flight platforms or satellites that will bring affordable connectivity to the 3 billion unconnected people and securely link billions of devices around the globe. To realize these plans, Mynaric provides laser communication products to establish the necessary data highways for telecommunication constellations in air and space.