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

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A rendering of the company’s laser communications system on satellites in orbit.

Mynaric

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,…



Source cnbc.com

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