Launch startup PLD Space of Spain raised 7 million euros ($8.2 million) this week from Madrid-based investment bankers Arcano Partners to continue development of its Miura family of partially reusable rockets.
PLD Space has taken a step closer to qualifying its Teprel-B rocket engine that will power the company's suborbital Miura 1 rocket.
Spanish launch startup PLD Space says it secured a second customer for the maiden flight of its Miura 1 reusable suborbital rocket while tackling development issues that prevented the mission from occurring last year.
The changes follow a 10-month European Space Agency review that concluded launching up to 300 kilograms to a 500-kilometer orbit on a single rocket would be better than 150 kilograms as originally envisioned.
Spanish launch startup PLD Space plans to quadruple the size of its engine test facility at Spain’s Teruel Airport following a new 25-year lease that began this month.
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.