Spanish space launch startup PLD Space has secured 30 million EUR in venture debt financing from the European Investment Bank. This funding marks the first direct investment by the EIB in a small satellite launcher and is backed by the EU's InvestEU program.
Headquartered in Elche, PLD Space will utilize the capital to finalize the development of its MIURA 5 rocket. The technology is designed to provide flexible and independent access to low Earth orbit for small satellites, supporting civil, commercial, and defense applications across Europe.
The company is currently targeting a first test flight for MIURA 5 in 2026, with commercial launch operations scheduled to commence in 2027. This investment aims to bolster Europe's industrial launch capabilities and strengthen strategic autonomy in the space sector.
Headquartered in Elche, PLD Space will utilize the capital to finalize the development of its MIURA 5 rocket. The technology is designed to provide flexible and independent access to low Earth orbit for small satellites, supporting civil, commercial, and defense applications across Europe.
The company is currently targeting a first test flight for MIURA 5 in 2026, with commercial launch operations scheduled to commence in 2027. This investment aims to bolster Europe's industrial launch capabilities and strengthen strategic autonomy in the space sector.