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PLD Space is on the road to its inaugural flight this year.
Mitsubishi Electric Corp. led a $209 million Series C equity round in Spanish startup PLD Space.
PLD Space has raised more than €350 million in capital to date.
Deloitte acted as legal advisor to PLD Space in the Series C transaction.
PLD Space plans to begin earthworks in January 2027 with the goal of having the new factory operational by mid-2028.
Cofides participated in PLD Space’s €180 million Series C financing round through the Fondo de Coinversión (FOCO).
PLD Space closed a €180 million Series C equity funding round on March 4, 2026.
PLD Space closed a €180 million Series C funding round led by Mitsubishi Electric Corporation, which has committed to becoming a strategic customer.
Ezequiel Sánchez is the chief executive officer (presidente ejecutivo) of PLD Space.
The PLD Space rocket factory project in Porta d'Elx is planned to double PLD Space’s current workforce to nearly 1,000 employees by mid-2028.
Nazca Capital coinvested in PLD Space’s Series C through its Nazca Aeroespacial y Defensa Innvierte I FCR fund.
The Dual Vocational Training programs for PLD Space will follow the model applied with the Sagunto battery megafactory.
Mitsubishi Electric Corporation invested €50 million as the lead investor in PLD Space’s Series C and has committed to serve as a strategic launch customer for MIURA 5.
PLD Space closed a €180 million Series C financing round led by Mitsubishi Electric Corporation and Cofides through the Fondo de Coinversión (FOCO).
PLD Space will provide Mitsubishi Electric with small-satellite launch services using its Miura 5 rocket for Japan and the Asia region.
The Elche city council provided a parcel of almost 500,000 square meters in the future Porta d'Elx industrial estate, which PLD Space acquired for 2.3 million euros.
PLD Space reported securing €170 million of financing prior to the formal closing of the Series C round.
The Spanish Ministry of Science, Innovation and Universities coinvested in PLD Space’s Series C through the Centre for the Development of Industrial Technology (CDTI) and its Innvierte fund.
After securing its Series C funding round, PLD Space has now secured approximately €350 million in total funding.
Mitsubishi Electric Corporation is a Japanese industrial company that is a strategic launch customer for PLD Space.