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The financing will support PLD Space's transition to commercial operations.
PLD Space had secured €210 million in financing in 2026 after closing a €180 million Series C round in March.
The PLD Space loan is backed by InvestEU.
PLD Space is an international space transportation company based in Elche, Spain.
The loan facility brings PLD Space’s total funding to $438 million.
The European Investment Bank provided PLD Space a thirty million euro venture debt loan to finalize development of the Miura 5 small satellite launcher.
The European Investment Bank loan to PLD Space is guaranteed by InvestEU.
The PLD Space loan marked the first time the European Investment Bank directly invested in a small-scale space launcher.
PLD Space plans to use Miura 5 for a bespoke launch service rather than flying small satellites as secondary payloads on larger rockets.
PLD Space expects to operate Miura 5 from multiple global spaceports by 2030.
PLD Space’s total capital raised in 2026 reached two hundred ten million euros after the thirty million euro loan.
PLD Space expects to reach a commercial cadence of up to thirty Miura 5 missions per year by 2030.
The European Investment Bank signed a $34.6 million loan facility with PLD Space.
PLD Space expects Miura 5 to have its first test flight later in 2026 from the Guiana Space Centre in French Guiana.
The European Investment Bank and PLD Space signed the loan agreement on April 7, 2026, in Elche, Spain.
PLD Space closed a one hundred eighty million euro Series C round led by Mitsubishi Electric in early March 2026.
The European Launcher Challenge will support PLD Space in the development of its Miura rockets.
Spain participates in the European Launchers Programme with Miura rockets from PLD Space in Elche.
The European Space Agency is continuing the European Launcher Challenge with Isar Aerospace, MaiaSpace, PLD Space, and Rocket Factory Augsburg.
PLD Space has planned launches from Spanish territory.