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PLD Space plans to expand its production capacity to produce up to 30 launch vehicles annually.
The funds from the European Launcher Challenge for PLD Space will primarily be allocated towards capacity upgrades.
PLD Space plans to hold its first Miura 5 launch before mid-year 2026.
The Spanish government committed to investing €169 million in PLD Space as part of the European Launcher Challenge.
PLD Space is in the final stages of building its launch facility at the European Spaceport in Guiana Space Centre in Kourou, French Guiana.
PLD Space demonstrated its Miura 1 suborbital rocket in 2023 while simultaneously developing Miura 5.
Pablo Sanmiguel is Senior Vice President, Sales and Customers at PLD Space.
France pledged €179 million to Maiaspace, and Spain pledged €169 million to PLD Space, supporting their local competitors.
Member states pledged €902.2 million as part of the European Launcher Challenge (ELC) to fund five launch companies: Germany's Isar Aerospace, Rocket Factory Augsburg (RFA), France's Maiaspace, Spain's PLD Space, and the UK's Orbex.
Germany also committed €4.2 million to Maiaspace, €1.8 million to Orbex, and €100,000 to PLD Space.
PLD Space will be the first private firm to operate from the historic ELM-Diamant area within the European spaceport, managed by CNES.
Spain is investing 169 million euros specifically in PLD Space for its Miura 5 rocket to be part of the future generation of European launchers.
Diana Morant, the president of the Spanish Space Agency (AEE) and Minister of Science, confirmed Spain's investment in PLD Space.
Qualification Model 1 marks a significant step toward MIURA 5's maiden flight in 2026 and confirms PLD Space's role in Europe's access to space.
Testing continues at PLD Space's Teruel facility, covering propulsion, tank and interstage structure, avionics, and fairing retention mechanisms.
PLD Space intends to manufacture three complete MIURA 5 units in five months.
Germany allocated €100,000 to PLD Space for Miura in Component A.
Spain assigned €36.77 million to PLD Space for Miura in Component A and €132.23 million in Component B.
ESA shortlisted Isar Aerospace, Rocket Factory Augsburg, PLD Space, MaiaSpace, and Orbex in July 2025 for the next phase of the initiative.
Spain contributed €169 million to the European Launcher Challenge, specifically for PLD Space and its MIURA 5 rocket.