StoryFunding
PLD Space raises €180M (Spain's biggest space funding round) to scale Miura 5 production toward 30+ annual launches by 2030
PLD Space closed a Series C funding round of €180 million ($209 million) led by Mitsubishi Electric, with co-investment from Spain's Ministry of Science, Innovation and Universities, COFIDES, and Nazca Capital. The funding supports production scaling and prepares Miura 5 for its inaugural orbital flight in 2026 from Kourou.
- Series C €180M led by Mitsubishi Electric (€50M / $58M).
- Spanish government and development-finance backing signals strategic importance to European launch independence.
- Total raised by PLD Space now exceeds €350M ($407M).
- Funding enables production ramp toward 30+ launches annually by 2030.