PLD Space adds €108M, taking its Series C to €288M for Miura 5 rocket
What's the deal? Spanish launch company PLD Space has raised an additional €108 million, extending its Series C round to €288 million. Mitsubishi ElectricDealroom has a profile for this one. Try Dealroom → led the extension, with CofidesDealroom has a profile for this one. Try Dealroom →, Endeavor Catalyst, and Spain Oman Private Equity Fund (SOPEF) also taking part.
What's the endgame? The capital will fund the industrialisation of Miura 5, an orbital launcher. PLD Space plans to expand production and testing capacity, build launch infrastructure, and move toward commercial operations.
Who's backing it? Mitsubishi Electric led the extension, reaffirming what the company calls a long-term industrial partnership. Cofides, Spain's public fund manager, reinvested after joining the initial Series C. Endeavor Catalyst and SOPEF, managed by MCH Private EquityDealroom has a profile for this one. Try Dealroom →, came in as new investors.
Why now? The extension builds on a Series C first launched in March 2026. It lifts PLD Space's total funding to €488 million, backing its bid to secure independent European access to space.
The details: PLD Space has validated key rocket technologies through flight campaigns in Andalusia, at the El Arenosillo test centre in Huelva. Airtificial GroupDealroom has a profile for this one. Try Dealroom →'s Jerez plant will supply composite panels for Miura 5, lighter and stronger than metal.
The signal: The round marks growing industrial, public, and financial backing for European launch capability. As executive chairman Ezequiel Sánchez put it, the financing reinforces PLD Space's transition toward "a global provider of commercial launch services."
Read more: elconciso.es
Image credit: brunosan
