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PLD Space raised $209M to develop its Miura 5 rocket for small satellite launches, targeting a 2026 test flight and 30 annual launches by 2030.
Spanish space startup PLD Space has raised $209 million in a Series C round led by Mitsubishi Electric, enabling scaling of its Miura 5 reusable rocket for small satellite launches.
The company plans a 2026 test flight from French Guiana and aims for over 30 annual launches by 2030.
The investment, part of a broader EU push for space autonomy, supports production expansion, commercial contracts in Japan and Asia, and a 2027 mission to launch two Sateliot satellites.
PLD Space, now with over €350 million in total funding, has secured its first dedicated launch contract and is advancing its role in Europe’s growing commercial space sector.
PLD Space recaudó $209M para desarrollar su cohete Miura 5 para lanzamientos de satélites pequeños, apuntando a un vuelo de prueba en 2026 y 30 lanzamientos anuales para 2030.