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PLD Space

Private
Spain · Launch vehicles
Total raised€488m
Latest round€108mSep 2026
Rounds2
Founded2011
Employees500+
Private company · funding figures from public announcements ·

Overview

PLD Space is a privately held space company (launch vehicles) headquartered in Elche, Spain, founded in 2011. It is not listed on a stock exchange; total disclosed funding is €488m.

Spanish developer of reusable rockets. The suborbital Miura 1 flew successfully in October 2023, and the orbital Miura 5 (about 1 t to low Earth orbit) is preparing for its first flight from Kourou, French Guiana. In 2026 PLD Space raised €288m in its Series C and won €158.9m under ESA's European Launcher Challenge.

Funding history

Sep 2026Series C — additional close€108m
Mar 2026Series C€180m

SpaceCAPEX coverage

3 articles
Markets

[Video] Why Europe Still Throws Away Its Rockets (The Physics of Reuse)

Fuel is 0.3% of a rocket's cost and the first stage around 60%. That is why SpaceX flies its boosters up to 37 times, while Europe's reusable stages are still waiting for their first hop.

Stanislav Milchev · 18 Oct 2026
9 Oct 2026LaunchesKourou, Andøya and Esrange: Europe's three gateways to orbitStanislav Milchev9 Oct 2026LaunchesIsar Aerospace: Spectrum reaches orbit, with a Bulgarian satellite on boardStanislav Milchev

Who pays PLD Space: contracts and deals

DateTypeCounterpartyValueSource
Sep 2026EquitySeries C — additional close€108m
Aug 2026ContractESA — European Launcher Challenge€158.9m
Apr 2026ContractEuropean Investment Bank — loan (InvestEU)€30m
Mar 2026EquitySeries C€180m

Is PLD Space publicly traded?

No. PLD Space is a private company and its shares are not traded on a stock exchange.

Where is PLD Space based?

PLD Space is headquartered in Elche, Spain. The company was founded in 2011.

How much funding has PLD Space raised?

PLD Space has disclosed €488m in total funding across 2 rounds. The most recent is Series C — additional close (Sep 2026, €108m).