PLD Space Raises €180M Series C To Boost Europe’s Space Autonomy

The round was led by Mitsubishi Electric Corporation, with co-investments from the Spanish Ministry of Science, Innovation and Universities via CDTI’s INNVIERTE fund, COFIDES through its FOCO investment fund, and Nazca Capital via Nazca Aeroespacial y Defensa INNVIERTE I FCR Fund.

Founded in 2011 by Raúl Torres and Raúl Verdú, PLD Space develops reusable rockets and crewed capsules, including its MIURA launchers and LINCE capsule, offering vertically integrated engineering, manufacturing, testing and operations. The company aims to enhance European technological sovereignty and cover the full spectrum of space missions.

Read Also - Shellworks Secures $15M To Expand Sustainable Plastic Alternative Vivomer

Tomonori Sato, Mitsubishi Electric’s Executive Officer, Group President, Defense & Space Systems adds: “We are pleased to collaborate with PLD Space, a company taking on the challenge of satellite launch services with a view toward the global market. By combining PLD Space’s launch capabilities with Mitsubishi Electric’s strengths in the​satellite business, we aim to address evolving customer requirements, including those in the global market.”

The new funding will expand PLD Space’s production and test infrastructure, supporting its transition into a commercial launch provider with regular satellite and payload missions.

“This financing reinforces our technological and industrial leadership in the launcher market, enabling us to execute the next phase of our strategic roadmap with the speed and scale required to compete globally,” says Ezequiel Sánchez, PLD Space’s Executive President.

MIURA 5 is on track for its first test flight in 2026, with commercial activity expected to exceed 30 launches per year by 2030.

“MIURA 5 was designed to address a clear and growing capacity gap in the market, and this investment support strengthens our ability to transition into commercial operations. It accelerates the build – out of the industrial and launch infrastructure required to deliver reliable access to space for an expanding pipeline of global customers.”

About PLD Space

PLD Space The Launcher Company is an engineering and manufacturing leader in space launch technologies, recently achieving Europe’s first private rocket launch. Theye provide flexible, high-quality satellite launch services, aiming to make space more accessible, sustainable and efficient for commercial, scientific, and technological missions worldwide.