PLD Space Closes a Series B Investment Round of $28 Million

ARION1 booster (Credit: PLD Space)
  • The operation, led by Arcano Partners, Aciturri and the Centre for the Development of Industrial Technology (CDTI), has allowed the consolidation of previous company shareholders and the entry of new strategic financial partners. 
  • ArcanoBlueBull, Arcano’s specialized Tech M&A division, in addition to strengthening its investment through its IMASDE fund, has served as financial advisor to the round.
  • The investment enables the Spanish firm to advance in its next strategic milestones, such as the launch of its MIURA 1 suborbital rocket in 2022 and the MIURA 5 orbital in 2024, as well as expanding its productive and personnel capacities.

ELCHE, Spain (PLD Space PR) — PLD Space, the Spanish company that leads the space launch business for small satellites in Europe, has just closed a Series B funding round of $28 million. The operation, led by Arcano Partners, Aciturri and the Centre for the Development of Industrial Technology (CDTI) through the co-investment initiative of Innvierte program, has had the accompaniment of previous company shareholders, who have been able to strengthen their participation, and the entry of new strategic financial partners. ArcanoBlueBull, Arcano’s specialized Tech M&A division, in addition to strengthening its investment through its IMASDE fund, has served as financial advisor to the round.

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PLD Space Exhibits the First Privately Developed Spanish Suborbital Rocket

MIURA-1 rocket (Credit: PLD Space)

MIURA 1, the name of this suborbital launch vehicle demonstrator, will return to Teruel to continue with testing before its expected launch during the second half of 2022

  • The first MIURA 1 public exhibition has gathered numerous institutional representatives and 10,000 visitors
  • The company, located in Spain, has received more than €36 million of investment allowing the most promising project of the newspace European launchers developments.
  • PLD Space, led by the cofounders, Raúl Torres and Raúl Verdú, along with executive president, Ezequiel Sánchez, has positioned itself as a key player in the space transportation sector, using its rockets for the dedicated launch of small satellites
  • PLD Space is also developing MIURA 5, the orbital rocket that will carry out the company’s commercial operations in 2024

 ELCHE, Spain, 17 November 2021 — PLD Space has achieved a new milestone with the official presentation in Madrid of its MIURA 1 rocket, that has been exhibited fully assembled for the first time in the capital’s National Museum of Natural Science. This suborbital vehicle is a key step in launch vehicle development, a pathfinder for MIURA 5 development.

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CDTI Joins JME Venture Capital and ALZIS in Investing in PLD Space

Artist’s impression of the MIURA 5 orbital rocket in space. (Credit: PDL Space)
  • PLD Space has to date obtained over 28 million [$34.3 million] euros of private investment and institutional support, mainly in Spain
  • PLD Space is preparing to launch MIURA 1 towards the end of 2022

ELCHE, Spain, 17 December 2020 (PLD Space PR) — The Ministry of Science and Innovation’s CDTI agency has acquired a stake in PLD Space through its Innvierte programme. This initial tranche of 450,000 euros [$551,880] in a bridge financing round could subsequently be supplemented by further economic contributions up to a maximum of 15 million euros [$18.4 million] if so requested by the those investing in the forthcoming Series B.

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PLD Space Closes €7 Million Investment in Tie-up with Arcano Partners

Spain’s PLD Space, Miura 5 microlauncher (formerly Arion 2) aims to provide dedicated launches for an emerging small satellites market in 2021.
 (Credit: PLD Space)
  • Venture part of tech firm’s Series B investment round for space vehicle development
  • PLD Space already attracted over €18 million [$21.3 million] in private investment and institutional support in addition to new deal involving Arcano
  • Arcano Partners a leading financial advisor in Iberian market

ELCHE, Spain, 15 September 2020 (PLD Space) —  Spanish reusable launch vehicle developer PLD Space today announced the closure of further financing through a tie-up with independent financial advisory and alternative asset management group Arcano Partners. The €7 million [$8.3 million] venture will fund the build out of the PLD Space aerospace project in a deal forming part of its Series B investment round.

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PLD Space, HISPASAT Collaborate in Compatibility Analysis of Satellites Aboard MIURA 5 Rocket

Spain’s PLD Space, Miura 5 microlauncher (formerly Arion 2) aims to provide dedicated launches for an emerging small satellites market in 2021.
 (Credit: PLD Space)
  • Both companies have agreed to work together to explore the possible terms and conditions that can validate PLD Space as a launch services provider.
  • PLD Space is a Spanish company that develops launch technologies to provide commercial orbital and suborbital access services dedicated to small payloads and small satellites.
  • HISPASAT will help to define the technical conditions that satellites must meet to be integrated and launched on board MIURA 5.

ELCHE, Spain, March 3, 1920 (PLD Space PR) — The Spanish companies HISPASAT, satellite telecommunications operator, and PLD Space have signed an agreement today in Madrid with the intention of working together on defining the technical features and analysing compatibility to launch services on board MIURA 5.

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PLD Space Completes Successful Drop Test of MIURA 5 First Stage Demonstrator

a Chinook CH-47 takes off with a MIURA 5 first stage demonstrator. (Credit: PLD Space)

ELCHE, Spain (PLD Space) – PLD Space has taken an important step forward in their attempt to develop a European reusable launcher. This morning, the recovery drop test of the first stage of the MIURA 5 rocket was carried out from El Arenosillo Experimentation Center (CEDEA), of INTA (Instituto Nacional de Técnica Aeroespacial).

This operation, an essential part of the campaign to develop future launchers (FLPP) of the European Space Agency (ESA), serves the purpose of validating the recovery system of MIURA 5-PLD Space’s first private reusable orbital launcher. The drop test has been carried out successfully on April 11, 2019, which places PLD Space in a good position for the further development of this reusable orbital launcher thatwill allow space access services for small satellites.

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Winning Ideas for New European Space Transport Services

Spain’s PLD Space, Miura 5 microlauncher (formerly Arion 2) aims to provide dedicated launches for an emerging small satellites market in 2021.
 (Credit: PLD Space)

PARIS (ESA PR) — Imagine moving satellites to higher orbits, collecting space debris, and dedicated launches for small satellites. These are the winning entries of ESA’s call for ideas on new commercial space transportation services.

This campaign aimed to foster open innovation and offer encouragement to those with new ideas within the privately-funded space sector.

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