Spain awards rocket startup PLD $43.8 million grant
Capitalism in space: The Spanish rocket startup PLD has won a $43.8 million grant from the Spanish government to develop its Miura-5 orbital launch rocket.
The company won the funding after completing the preliminary design review (PDR) its Miura 5 small launch vehicle, a review that was then examined by an independent committee. The award is technically a loan, which will be paid off over 10 years once Miura 5 begins commercial operations, currently scheduled for 2026.
The rocket will compete directly with Rocket Lab’s Electron rocket, with a bigger payload capacity. PLD also plans to recover and reuse its first stages after splashdown in the ocean, as Rocket Lab is now attempting to do with Electron.
The significance of this deal is multifold. It shows us that Spain is now a player in space, with its own rocket company, though still only a startup. It also provides further evidence that the nations of Europe are beginning to go their own way in space, rather than rely on their partnership in the European Space Agency and its rocket division, Arianespace. Arianespace has failed to do the job, so Spain like Germany is now looking to the private sector to get its satellite payloads in orbit.
Finally and most important, this deal illustrates the shift in Europe from being the designer and owner of rockets to being a mere customer. Rather than depend on a governnment-built and owned Arianespace rocket, Spain is buying the service from a private company, PLD. That company owns it entirely and can sell its services to others as well.
This trend away from government-owned rockets bodes well for the future of space exploration in Europe. It will produce a vibrant competitive industry with many different companies coming up with different ideas that will increase innovation while reducing cost.
It also signals the coming death of Arianespace, ESA’s commercial division which despite dominating the commercial launch market for almost two decades, was never able to make a profit ever. Instead, it produced rockets that were too expensive and required subsidies on a yearly basis. The nations of Europe are no longer willing to tolerate that bad performance, and have basically told Arianespace it either must compete with these new private companies, or die. I expect it to die. If it does survive, it will only do so if it changes radically.
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In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
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Capitalism in space: The Spanish rocket startup PLD has won a $43.8 million grant from the Spanish government to develop its Miura-5 orbital launch rocket.
The company won the funding after completing the preliminary design review (PDR) its Miura 5 small launch vehicle, a review that was then examined by an independent committee. The award is technically a loan, which will be paid off over 10 years once Miura 5 begins commercial operations, currently scheduled for 2026.
The rocket will compete directly with Rocket Lab’s Electron rocket, with a bigger payload capacity. PLD also plans to recover and reuse its first stages after splashdown in the ocean, as Rocket Lab is now attempting to do with Electron.
The significance of this deal is multifold. It shows us that Spain is now a player in space, with its own rocket company, though still only a startup. It also provides further evidence that the nations of Europe are beginning to go their own way in space, rather than rely on their partnership in the European Space Agency and its rocket division, Arianespace. Arianespace has failed to do the job, so Spain like Germany is now looking to the private sector to get its satellite payloads in orbit.
Finally and most important, this deal illustrates the shift in Europe from being the designer and owner of rockets to being a mere customer. Rather than depend on a governnment-built and owned Arianespace rocket, Spain is buying the service from a private company, PLD. That company owns it entirely and can sell its services to others as well.
This trend away from government-owned rockets bodes well for the future of space exploration in Europe. It will produce a vibrant competitive industry with many different companies coming up with different ideas that will increase innovation while reducing cost.
It also signals the coming death of Arianespace, ESA’s commercial division which despite dominating the commercial launch market for almost two decades, was never able to make a profit ever. Instead, it produced rockets that were too expensive and required subsidies on a yearly basis. The nations of Europe are no longer willing to tolerate that bad performance, and have basically told Arianespace it either must compete with these new private companies, or die. I expect it to die. If it does survive, it will only do so if it changes radically.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
“Finally and most important, this deal illustrates the shift in Europe from being the designer and owner of rockets to being a mere customer. ”
Fifteen years ago, the world doubted that private commercial launch companies could succeed without the government. What we have seen is not just an immense success with commercial launch, but commercial space companies have had a bonanza that had not been seen with governmental control over the launch industry. Commercial launch and commercial space companies are finding efficiencies that government space still cannot find. Just look at the cost and schedule for James Webb Space Telescope.
Government just cannot compete with private companies, nor should it compete with them.