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A short thread about @mynaric $M0Y
Mynaric is a laser communication company which develops and manufactures laser products for space, air and ground applications Laser communication can be thought of as optical fiber for the skies https://mynaric.com
1/x
What are the advantages of laser communications (Optical-inter-satellite-links / OISLs) vs. RF communication? 
Faster
Lower cost-per-bit
Licence Free
Secure
Harmless Technology2/x
What are the advantages of mynaric vs competitors?
as a spin-off mynaric owns licences of the german institute of aerospace (DLR) which is leading in terms of lasercom Laser terminals (LCTs) are designed for serial production lower costs One-stop-shop 3/x
Who needs laser communication? Satellite networks or high-altitude-platforms needs to communicate with each other To provide low-latency broadband internet via these networks lasercom is a crucial technology 
examples for satellite constellations or HAPS4/x
@SpaceXStarlink most famous megaconstellationhundreds of satellites already launchedjust 2 of them are equipped with OISLs Engineers are still working on lowering the costs for the OISLs trying to manufacture all in-housebeta tests started 5/x
@Telesat 298 satellites planned to launch each equipped with 4 OISLs —> 1.192 in total becomes a public company through agreement with Loral & PSP —> finally funding and ownership structure should be clarified vendors to be announced later this year 6/x
Space Dev. Agencytransport layer with hundreds of satellitesequipped with OISLs from different vendors —> interoperabilityorders for the first 20 satellites already placed @mynaric received an order for approx. 14 LCTs for 6.1m $further orders possible7/x
@DARPAProject Blackjack —> capitalice commercial advances in LEO for military utility @DARPA awarded @telesat for 2 satellite buses and @telesat awarded @mynaricusa for the LCTsinter-vendor operability will be tested in mynarics lab 8/x
Others @amazon's project kuiper; 3.236 satellites planned @Loon4all; already provides internet via balloons in Kenya HAPS Alliance with prominent members like @Airbus @telekom @ATT @nokia @OneWeb recently exited bankruptcy through investment of UK / Bharti9/x
My investment thesis for @mynaricjust one big contract needed to achieve sales that exceeds the whole market cap @telesat will announce vendors for LCTs soon they already chose mynaric as LCT vendor for the DARPA contract and highlighted mynarics technology10/x
1.192 LCTs needed for the whole constellation Price for 1 LCT ~300.000-500.000€ (depends on order size)1.192 x 300.000€ = ~357m € Market cap of mynaric: ~266m €This is just one possible contractOther constellations also need LCTs in a large volume11/x
there are few other companies that offer LCTs None of these ever build LCTs in a large volume @mynaric's products are designed for serial production mynaric recently raised 52.8m € to prepare for large volume product deployment12/x
SummaryThe whole #NewSpace segment is growing fast driven by private companies like @SpaceX. The number of satellites in space are growing rapidly and @mynaric offers the products for their fast, secure and license free communication. Mynaric is a profiteer of these trends.
I think I forgot a lot of infos I read in the last 2 years about the satellite market an especially mynaric. I‘ve got a lot of info from these accounts I can really recommend to follow! @Megaconstellati @usp3t @elleryinsights @CHenry_QA @smf852 @thesheetztweetz @indievestments
