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.
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.
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.
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.
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.
TEPREL B is the regenerative engine, designed by PLD Space, that will be used on MIURA 1 flights
The two-minute test has been successfully achieved at PLD Space Propulsion Test Facilities in Teruel Airport.
Key milestone in MIURA 1 Engine Qualification Campaign, as the company achieved a full-time engine validation
ELCHE, Spain, February 26, 2020 (PLD Space PR) — In May 2019 PLD Space suffered a catastrophic engine failure, which provoked material damage, including the loss of the first flight version of the TEPREL-B liquid rocket engine, developed by PLD Space for MIURA 1 launch vehicle. Therefore, the company decided to pause the qualification process and analyse the root causes of the failure to solve the problems found.
After eight months of hard work, PLD Space successfully achieved a full mission duration hot test of the flight engine. This allowed the company to validate the nominal engine performance during the full mission duration burn of two minutes, the necessary time to boost MIURA 1 launch vehicle into space.
“This milestone is a huge step forward for PLD Space, for the Spanish space sector and the European small launcher competitiveness, and allow us to be one of the few companies in the world that has successfully developed, tested and qualified propulsion technologies for space launch vehicles. Achieving this important milestone implies a turning point in the commercial space race and take us a step closer for launching MIURA 1 into space. With this result, PLD Space has a rocket engine capable of reaching space soon”, Raúl Torres, CEO and co-founder of 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.
PARIS (ESA PR) — A flourishing small satellites market is driving demand for new ways to access space. Recent industry feasibility studies backed by ESA for new microlauncher services, are creating new business opportunities.
ESA intends to strengthen European industry by fostering a globally competitive European space sector with increased industry participation in launcher development.
TERUEL, Spain, 26 February 2019 (PLD Space PR) — The Minister of Science, Innovation and Universities, Mr. Pedro Duque Duque, the first astronaut in the history of Spain, has unveiled the PLD Space Propulsion facilities located at Teruel Airport.
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.
ELCHE, Spain (PLD Space PR) — MIURA 1, the suborbital rocket developed by PLD Space, will be launched from “El Arenosillo” Experimentation Center (CEDEA), of INTA, during the third quarter of 2019. This technological demonstrator, whose development began in 2011, is designed to provide scientific and commercial access to space from Spain.
DLR researchers have developed a reusable rocket engine specifically for the launch of small satellites.
The rocket engine consists of two central components: a metal injector head manufactured by means of metal 3D printing and a ceramic combustion chamber.
Small satellites have the potential to fundamentally change the space industry.
Focus: space, small satellites, new manufacturing technologies, fibre ceramics
STUTTGART, Germany (DLR PR) — Whether alone or in a constellation, small satellites weighing from just a few kilograms (nanosatellites) up to several hundred kilograms (micro- and minisatellites) are becoming increasingly technologically sophisticated and have the potential to fundamentally change the space industry. In the coming years, hundreds of such small satellites will be carried into Earth orbit.
As part of the EU project SMILE (Small Innovative Launcher for Europe), researchers from the Institute of Structures and Design at the German Aerospace Center (Deutsches Zentrum für Luft- und Raumfahrt; DLR) have developed a reusable rocket engine especially for launching such satellites, and have performed an initial series of successful trials on a test rig. (more…)
PARIS, 16 November 2018 (ESA PR) — Access to space was in the spotlight at this week’s Φ event which followed an ESA-hosted workshop on Europe’s emerging microlaunch services held in Paris, France for industry, investors and institutions.
PLD Space is developing a family of recoverable launch vehicles Airborne Systems has almost 100 years of experience in the EDLS systems
ELCHE, Spain — October 3, 2018 (PLD Space PR) — Airborne Systems has developed a parachute recovery system for PLD Space to advance the development of their recoverable launch vehicle family (ARION 1 and ARION 2). Drawing on almost 100 years of experience with the design and development of Entry, Descent and Landing Systems (EDLS), Airborne Systems provide a solution consisting of a Drogue parachute Subsystem and a Main parachute subsystem.
ELCHE, Spain — October 3, 2018 (PLD Space PR) — Today, launch vehicle developer PLD Space and space industry supplier RUAG Space signed a long-term collaboration and Supply Agreement regarding lightweight carbon composite structures for small launch vehicles.