German defense giant Rheinmetall, is considering the acquisition of Mynaric, which specializes in laser space communication.
Basic details of the situation:
Competition with Rocket Lab: The move could derail earlier plans by US company Rocket Lab to acquire Mynaric for approx $150 million.
National decision: Rheinmetall is promoting the idea of keeping critical laser communications technologies under German and European control. This becomes especially relevant against the background of increased control of the German government over foreign investments in the defense sector.
Reason for interest: Mynaric Technologies (in particular, terminals of the CONDOR series) are key to creating secure satellite constellations, which are of strategic importance for modern military infrastructure.
Status of negotiations: Rheinmetall has not officially commented on the potential deal, however, insiders report active competition for the asset.
Final decision on that, whether to allow the sale of Mynaric to the American Rocket Lab, whether to support Rheinmetall's proposal, remains with the Ministry of Economy of Germany.
Source: https://spacenews.com