Spanish startup PLD Space raised 9 million euros ($10.6 million) last month from public and private investors to develop a pair of reusable launch vehicles.
Spanish rocket startup PLD Space received 2 million euros ($2.4 million) from a European Commission grant program to further the development of a pair of launchers designed for small satellites.
With three companies developing dedicated small-satellite launchers, Spain is establishing itself as Europe’s NewSpace rocket hub. Although none of the three have launched their first rocket, that's not stopping them from making the case that Spain should build a spaceport.
Spanish rocket startup PLD Space said Jan. 9 that it has raised the money it needs to continue development of its Arion 1 reusable suborbital launch vehicle thanks to a $7.1 million investment round lead by satellite ground systems provider GMV of Madrid, Spain.