Spanish rocket startup PLD raises $209 million in new investment capital
The Spanish rocket startup PLD, which hopes to launch its orbital Miura-5 rocket this year, has now raised an additional $209 million in new investment capital, bringing the total capital it has raised to more than $400 million.
PLD Space, an international space transportation company, has closed a €180 million Series C equity funding round led by the renowned Japanese manufacturer Mitsubishi Electric Corporation, alongside with other investors.
The Spanish Ministry of Science, Innovation and Universities, through the Centre for the Development of Technology and Innovation (CDTI) and its INNVIERTE fund, and the Spanish public funds management company COFIDES, through its FOCO investment fund, have co-invested in this round. Ultimately, the European renowned Spanish fund Nazca Capital, via Nazca Aeroespacial y Defensa INNIVERTE I FCR Fund, close the round.
The company hopes to ramp up its launch pace to as many as 30 launches per year by 2030, though these numbers are clearly aspirational. It has already won two launch contracts, and it is building its own launchpad in French Guiana, where that first launch will take place, and has also signed a deal with Oman to launch from its proposed spaceport in Duqm. PLD has also said it is in negotiations for a third launch site, not yet named.
The Spanish rocket startup PLD, which hopes to launch its orbital Miura-5 rocket this year, has now raised an additional $209 million in new investment capital, bringing the total capital it has raised to more than $400 million.
PLD Space, an international space transportation company, has closed a €180 million Series C equity funding round led by the renowned Japanese manufacturer Mitsubishi Electric Corporation, alongside with other investors.
The Spanish Ministry of Science, Innovation and Universities, through the Centre for the Development of Technology and Innovation (CDTI) and its INNVIERTE fund, and the Spanish public funds management company COFIDES, through its FOCO investment fund, have co-invested in this round. Ultimately, the European renowned Spanish fund Nazca Capital, via Nazca Aeroespacial y Defensa INNIVERTE I FCR Fund, close the round.
The company hopes to ramp up its launch pace to as many as 30 launches per year by 2030, though these numbers are clearly aspirational. It has already won two launch contracts, and it is building its own launchpad in French Guiana, where that first launch will take place, and has also signed a deal with Oman to launch from its proposed spaceport in Duqm. PLD has also said it is in negotiations for a third launch site, not yet named.













