PLD obtains a new loan, this time for $11.6 million
The Spanish rocket startup PLD yesterday announced it has obtained a new $11.6 million loan that it plans to use to build its launch facility at the French-owned French Guiana spaceport.
The loan was issued by the Spanish governmment finance agency COFIDES, which comes on top of an earlier $43.8 million Spanish government grant. In addition, the company has gotten a $2.4 million grant from the European Commission, as well as a $1.37 million grant from the European Space Agency.
The company has also obtained a loan of $34 million from banks in Spain.
All told, the company has raised about $164 million, more than $58 million came from government agencies, with another $34 million from loans.
For whatever reason, PLD has found favor with the various governments in Europe, fueling its work. None of the other European rocket startups from Germany or Great Britain have been as lucky.
The Spanish rocket startup PLD yesterday announced it has obtained a new $11.6 million loan that it plans to use to build its launch facility at the French-owned French Guiana spaceport.
The loan was issued by the Spanish governmment finance agency COFIDES, which comes on top of an earlier $43.8 million Spanish government grant. In addition, the company has gotten a $2.4 million grant from the European Commission, as well as a $1.37 million grant from the European Space Agency.
The company has also obtained a loan of $34 million from banks in Spain.
All told, the company has raised about $164 million, more than $58 million came from government agencies, with another $34 million from loans.
For whatever reason, PLD has found favor with the various governments in Europe, fueling its work. None of the other European rocket startups from Germany or Great Britain have been as lucky.