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Stock impact report

German space lasers company Mynaric CEO talks Nasdaq IPO, plans for growth [CNBC]

Mynaric AG (MYNA) 
Company Research Source: CNBC
Mynaric makes optical communication terminals, a device which uses a laser to send data from one point to another. Satellite companies are the firm's target customer base. Altan said Mynaric decided to list on the Nasdaq because "you have a investor base in the U.S. that understands the space market and has been active in it quite a while." German laser communications company Mynaric listed on the Nasdaq in the past week and CEO Bulent Altan, a former SpaceX executive, spoke to CNBC about the company's U.S. debut and plans for further growth. The company raised $75.9 million through its initial public offering, with the stock priced at $16.50 a share. The stock is up slightly since then, having closed at $18.19 a share on Thursday. Mynaric makes optical communication terminals, a device which uses a laser to send data from one point to another. Altan explained that Mynaric's target market is companies building satellite constellations, including for broadband, earth imagery, Show less Read more
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