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PLD Space secures €158.9 million from ESA as part of the European Launcher Challenge, confirming its growth trajectory and commitment to enhancing Europe's launch capabilities.
PRIVATEAug 27, 2026•about 3 hours ago
Amount Raised
€159 Million
Round Type
Venture - Series Unknown
ElcheSatellite Communication
Description
PLD Space, a Spanish space transportation company, has been awarded €158.9 million by the European Space Agency. This funding comes amid a notable year of growth for the company, building on previous capital raises totaling over €200 million. The investment underscores the maturity of PLD Space's roadmap for autonomous European launch capabilities. This award is part of a broader increase in capital deployment across Europe's SpaceTech sector.
Company Information
Company
PLD Space
Location
Elche, Alicante, Spain
About
PLD Space is a Spanish launcher in development that is focused on developing the Miura 5 reusable orbital microlauncher to launch small satellites. The company plans to open the first rocket factory in Elche, Spain in mid-2024 and increase its workforce from 194 people to 300 employees by the end of the year.
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ElcheSatellite Communication