Spanish rocket startup PLD borrows $35 million
The Spanish rocket startup PLD, which hopes to complete its first orbital launch of its Miura-5 rocket this year, has now obtained a $35 million loan from the European Investment Bank (EIB), in addition to the more than $400 million in investment capital it had previously raised, and a variety of government grants totaling around $200 million.
The European Investment Bank (EIB) has signed a €30 million [$35 million] venture debt loan with PLD Space, an international space transportation company headquartered in Elche, Spain, to support the final development stage of MIURA 5, the company’s rocket designed to deploy small satellites into orbit. The operation represents the EIB’s first direct investment in small launchers for the transport of satellites into space. The financing will also support scaling of PLD Space’s industrial and launch capabilities to transition toward commercial operations.
Considering how much actual capital and government grants PLD has raised, one wonders why it also needs to take out this loan. It suggests the company has cash flow issues, despite the funding obtained.
Though the company appears to be on schedule for its planned launch of Miura-5 this year from French Guiana, no launch date has been announced.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
The Spanish rocket startup PLD, which hopes to complete its first orbital launch of its Miura-5 rocket this year, has now obtained a $35 million loan from the European Investment Bank (EIB), in addition to the more than $400 million in investment capital it had previously raised, and a variety of government grants totaling around $200 million.
The European Investment Bank (EIB) has signed a €30 million [$35 million] venture debt loan with PLD Space, an international space transportation company headquartered in Elche, Spain, to support the final development stage of MIURA 5, the company’s rocket designed to deploy small satellites into orbit. The operation represents the EIB’s first direct investment in small launchers for the transport of satellites into space. The financing will also support scaling of PLD Space’s industrial and launch capabilities to transition toward commercial operations.
Considering how much actual capital and government grants PLD has raised, one wonders why it also needs to take out this loan. It suggests the company has cash flow issues, despite the funding obtained.
Though the company appears to be on schedule for its planned launch of Miura-5 this year from French Guiana, no launch date has been announced.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News