PLD Space Secures New Funding For Miura-5 Growth
PLD Space has raised $209 million to expand its launch capabilities. The company said the Series C round marked its largest investment to date. It will use the fresh capital to scale manufacturing of its Miura-5 rocket. It will also push the business closer to full commercial activity.
The round included investment from Mitsubishi Electric. The Japanese firm wants priority access to small satellite launch slots. It plans to support customers across Japan and wider Asian markets. The partnership gives PLD Space a reliable long-term client base. It also strengthens its position in the global small-launch sector.
PLD Space said its total capital raised now exceeds 350 million euros. The latest investment follows years of technical milestones. The firm launched Europe’s first fully private rocket in 2023. It now wants to build a consistent launch rhythm. Short sentences help clarity. Each step takes the company nearer to full commercial deployment.
Miura-5 Moves Toward Commercial Operations
The Miura-5 rocket sits at the centre of this funding plan. It is a reusable launcher designed for small satellites. It can serve constellation operators that face limited capacity across the global market. Demand rises each year. Supply often lags behind.
PLD Space said Miura-5 is on track for a test flight in 2026. Commercial missions are expected to start in 2027. The company wants more than thirty launches each year by 2030. The fresh capital supports this plan. It also helps build new infrastructure in Spain, French Guiana and Oman.
A spokesperson said the company has secured its first dedicated Miura-5 contract. The mission will launch two satellites for Sateliot in 2027. The deal signals market confidence. It also shows an appetite for European launch independence. Operators want alternatives. They want flexibility. They also want predictable access to orbit.
Spain Strengthens Its Strategic Space Capabilities
Spain boosts its strategic space capacity with new investment, expanded facilities, and deeper European launch involvement. Source: Created by Ventureburn
Spain continues to invest heavily in its space sector. The Spanish Centre for the Development of Technology and Innovation joined the round. State-backed COFIDES also supported the raise. Officials said the investment boosts national technological sovereignty. It also strengthens Spain’s long-term contribution to the European launch landscape.
The firm now operates over 188,000 square metres of facilities. Its sites include Spain, France and Oman. The company employs more than 400 people. This gives it the scale to meet growing launch demand. It also helps the business shift from prototype testing to serial production.
The company was selected by the European Space Agency for the European Launcher Challenge. The programme provides contracts to support vehicle upgrades. It also offers competitive opportunities for emerging launch companies. PLD Space intends to take advantage of this support. Each new investment moves the company closer to self-sustaining commercial work.
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Mitsubishi Electric said the investment supports its satellite plans. It wants to secure launch capacity for future constellations. It also wants to build services for national security and disaster response. A reliable launch partner helps strengthen these programmes.
PLD Space continues to position Miura-5 as a competitive option. The rocket is designed for cost-effective missions. It supports payloads that do not fit larger launch vehicles. It helps reduce dependency on non-European systems. It offers more direct mission control for constellation operators.
The company plans to run missions from the Guiana Space Centre. It also plans launches from Oman. These sites improve flexibility. They help serve markets in Europe, the Middle East and Asia. They also reduce congestion at traditional launch hubs.
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