{"id":457367,"date":"2026-03-04T16:43:09","date_gmt":"2026-03-04T16:43:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/457367\/"},"modified":"2026-03-04T16:43:09","modified_gmt":"2026-03-04T16:43:09","slug":"spains-pld-space-raises-e180-million-in-series-c-funding","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/457367\/","title":{"rendered":"Spain\u2019s PLD Space Raises \u20ac180 Million in Series C Funding"},"content":{"rendered":"

\"PLDCredit: PLD Space<\/p>\n

Spanish rocket builder PLD Space has closed a \u20ac180 million Series C funding round led by Japanese satellite manufacturer Mitsubishi Electric Corporation, which has also committed to becoming a strategic customer. The company plans to use the funding to ramp up production capacity as it prepares for the inaugural flight of its MIURA 5 rocket later this year.<\/p>\n

Designed to deliver up to 1,040 kilograms to low Earth orbit, the two-stage MIURA 5 rocket will stand just over 35 metres tall. It will initially be launched from a new multi-user facility being built by the French space agency CNES on the grounds of the Guiana Space Centre\u2019s former Diamant launch complex. PLD Space has already sold several launches aboard the rocket, including a dedicated flight for Spanish satellite operator Sateliot<\/a>, which the company announced in February.<\/p>\n

On 4 March, PLD Space announced that it had raised \u20ac180 million in new funding to fuel its industrial-scale-up, enabling it to seamlessly transition to commercial operations from 2027. While smaller than the \u20ac220 million Series C raised by Germany\u2019s Isar Aerospace, the largest such round by a European launch startup to date, that total includes a \u20ac65 million extension<\/a> to the original round secured more than a year after the initial raise. Isar Aerospace initially closed a \u20ac155 million Series C round.<\/p>\n

\u201cThis financing reinforces our technological and industrial leadership in the launcher market, enabling us to execute the next phase of our strategic roadmap with the speed and scale required to compete globally,\u201d said PLD Space Executive President Ezequiel S\u00e1nchez. \u201cIt accelerates the buildout of the industrial and launch infrastructure required to deliver reliable access to space for an expanding pipeline of global customers.\u201d<\/p>\n

In addition to serving as the lead investor in the company\u2019s Series C funding round, with a \u20ac50 million investment, Mitsubishi Electric Corporation has committed to serving as a strategic launch customer for MIURA 5.<\/p>\n

In its own 4 March announcement, the Japanese satellite manufacturer said it plans to begin providing \u201csatellite data services\u201d and is preparing a full-scale rollout of a satellite constellation. It explained that, in order to deploy the satellites, it was essential to secure small-satellite launch services that it could call on \u201cwhen needed and at the appropriate time,\u201d adding that through its investment it would \u201cgain priority access to launch services using the MIURA 5 rocket, thereby enhancing the feasibility of building a satellite constellation.\u201d<\/p>\n

After securing its Series C funding round, the company has now secured approximately \u20ac350 million. This figure does not include the \u20ac169 million committed to the company by the Spanish government as part of the European Space Agency\u2019s European Launcher Challenge. The funding is provided through launch service contracts and programme milestones, helping to subsidise early flights and support the company\u2019s ability to secure additional launch contracts.<\/p>\n

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Your donation will help European Spaceflight to continue digging into the stories others miss. Every euro keeps our reporting alive.<\/p>\n","protected":false},"excerpt":{"rendered":"Credit: PLD Space Spanish rocket builder PLD Space has closed a \u20ac180 million Series C funding round led…\n","protected":false},"author":2,"featured_media":457368,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[120896,90,416,56,54,55],"class_list":["post-457367","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-pld-space","tag-science","tag-space","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/457367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=457367"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/457367\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/457368"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=457367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=457367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=457367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}