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Mitsubishi Electric Corporation is a lead investor in PLD Space’s €180 million Series C financing round.
PLD Space continues to advance the LINCE crewed capsule project with initial unmanned tests planned for 2028 to establish a sovereign European human spaceflight capability.
The development of the Miura Next family follows a recent award of funds from the European Space Agency to PLD Space.
PLD Space has raised more than €350 million in total financing to date.
PLD Space’s inaugural test flight of MIURA 5 is on track for late 2026 from Kourou.
Mitsubishi Electric Corporation led PLD Space’s Series C round and contributed €50 million as a strategic launch customer.
The Spanish government participated in PLD Space’s Series C round through the CDTI (INNVIERTE fund) and COFIDES.
The €169 million committed by the Spanish government is provided through launch service contracts and programme milestones to subsidise early flights and support PLD Space’s ability to secure additional launch contracts.
Sateliot and PLD Space signed an agreement in February to put two satellites into orbit in the last quarter of next year.
The model shown at the congress is the updated version that will fly on PLD Space’s Miura-5 and is physically similar to the earlier model shown when Sateliot opened a satellite development center in Barcelona.
PLD Space’s Miura-5 is an improved version of Miura-1, which flew in October 2023 from Huelva.
PLD Space’s Miura-5 is expected to have completed four launches by the end of 2027, with Sateliot’s launch scheduled as the fourth.
The operators selected for the European Launcher Challenge include Orbex, Germany's Isar, Germany's Rocket Factory Augsburg, France's MaiaSpace, and Spain's PLD Space.
UARX Space works with Arianespace, SpaceX, PLD Space, and other European microlaunchers.
PLD Space positions Miura 5 as a cornerstone of European technological sovereignty in space transportation.
Miura 5 is PLD Space’s two-stage reusable orbital launcher designed for small satellites and developed, manufactured, and operated by PLD Space in Spain.
Sateliot selected PLD Space’s Miura 5 to provide an independent dedicated launch tailored to Sateliot’s schedule and orbital requirements.
PLD Space’s primary mission objective for the launch is to place Sateliot’s satellites into their required orbit at the required time.
Miura 5 is a two-stage reusable orbital launcher for small satellites designed, manufactured, and operated by PLD Space.
Sateliot selected PLD Space based on Miura 5’s ability to offer an independent, dedicated launch service tailored to the customer’s needs.