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Spain's PLD Space raises $209 million in latest funding round
PLD Space secured €180 million to boost Miura-5 production and commercial launches, targeting over 30 launches per year by 2030, supported by Mitsubishi Electric and public investors.
- A €180 million Series C round led by Mitsubishi Electric supports PLD Space's plan to scale Miura‑5 production and expand global launch operations.
- PLD Space says the funds will support its transition to commercial operations and industrial scale‑up to meet demand from constellation operators and expand launch access in Asia.
- Miura‑5 is a two‑stage launch vehicle designed to place roughly 1,080 kg into low Earth orbit, and PLD Space operates manufacturing facilities across Spain, French Guiana and Oman employing more than 400 people over 188,000 square meters.
- The company says the round will enable it to shift to serial production and aims for more than 30 launches per year by 2030, with a first Miura‑5 launch contract for Sateliot in 2027.
- The move comes as Europe reassesses access to space amid Ariane 6 delays, with PLD Space's round the largest this year following Stoke Space's $350 million raise and Orbex's closure.
13 Articles
13 Articles
Spanish launch startup PLD Space raises $209 million to scale its rocket production
PLD Space’s manufacturing facilities show the flow of production for its Miura 5 rockets. Image: PLD Space Spanish startup launch company, PLD Space, raised €180 million ($209 million) in its latest funding round as it works towards the inaugural flight of its next rocket, Miura 5. The company was founded in 2011, becoming the first private Spanish rocket company. It debuted with the launch of the Miura 1 rocket in 2023 and has been developing a…
PLD Space raises $209 million to shift into serial rocket production
PLD Space has raised $209 million to ramp up production of the Spanish startup’s Miura 5 launch vehicle, marking the largest funding round for a European space company announced so far this year. The post PLD Space raises $209 million to shift into serial rocket production appeared first on SpaceNews.
PLD Space Closes €180M Series C, Eyes Flight Test This Year
PLD Space just doubled its money. The Spanish launch startup announced a €180M ($209.5M) Series C round yesterday—putting the company’s total funding over €350M ($407.4M), and supporting its plans to rapidly grow launch cadence. The round was led by Mitsubishi Electric. It included funds from the Spanish government—both from the Ministry of Science, Innovation, and Universities, and from the Spanish public funds management company COFIDES—as wel…
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