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.
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. from any other book seller, or direct from my ebook publisher, ebookit.
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 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.
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. from any other book seller, or direct from my ebook publisher, ebookit. 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
Spain has always supported exploration–looks like they are breaking away from the rest of Old Europe.
Jeff Wright,
Italy, France and Germany also have launch vehicle developers and, the last time I looked, all three were also part of “Old Europe.”
And, considering that PLD intends to use its latest bit of government largesse to build a pad for a future vehicle at a venerable launch site owned by the French, there doesn’t seem to be much “breaking away” in evidence either.