Spain’s PLD Space raises €180M to scale satellite launch infrastructure
Spain's PLD Space Secures Significant Funding for Satellite Launch Infrastructure Spanish space transportation company PLD Space has successfully closed a €180 million Series C equity funding round, marking a substantial investment in European launch capabilities. This significant financial injection, led by Mitsubishi Electric Corporation, underscores growing confidence in the continent's burgeoning space sector and its potential for technological sovereignty. The funding is earmarked for scaling industrial and launch infrastructure, propelling PLD Space towards commercial operations and reinforcing its position as a key player in global space access. The investment round saw participation from various entities, including the Spanish Ministry of Science, Innovation and Universities through its INNVIERTE fund, and public funds management company COFIDES via its FOCO investment fund. With over €350 million raised to date, PLD Space is poised to accelerate the development and deployment of its MIURA 5 rocket, with a first test flight scheduled for 2026. The company aims to transition into a regular commercial launch provider, projecting over 30 launches annually by 2030 to address a clear market capacity gap for satellite delivery. This funding round has direct implications for European digital infrastructure and technological autonomy. By strengthening domestic launch capabilities, Spain and Europe aim to reduce reliance on non-European providers for accessing space, a critical component for satellite constellations supporting communication, navigation, and Earth observation services. PLD Space's partnership with Mitsubishi Electric for satellite launch services in Japan and across Asia further highlights the international collaboration and market confidence in European technological advancements, contributing to global space economy growth.
Curated and translated by Europe Digital for our multilingual European audience.
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