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PLD Space will expand its production and test facilities from 169,000 to 834,000 square meters using the new funds.
PLD Space developed the Miura 1 suborbital rocket for about 30,000,000 EUR.
PLD Space received 40,500,000 EUR from the Spanish government’s PERTE Aerospace initiative in January.
As of 2024-04-23, PLD Space has raised 78,000,000 EUR to date from its industrial and qualified institutional shareholders.
PLD Space has received a total of 120,000,000 EUR in funding since its inception.
PLD Space is already underway with the factory expansion and expects to open it in mid-2024.
PERTE contributed a total of 42,000,000 EUR to PLD Space, including 1,500,000 EUR received in July 2023.
PLD Space has grown from 161 to 194 employees so far 2024 and aims to reach 300 employees by the end of the year.
The expansion includes 18,400 square meters of industrial facilities at PLD Space’s headquarters and 800,000 square meters reserved for testing.
Pablo Gallego, vice president of PLD Space, claimed much of the small launch industry owes its existence to demand created by SpaceX rideshare missions.
PLD Space has signed a Boost! contract with the European Space Agency to develop a payload accommodation system for the MIURA 5 launcher.
PLD Space signed a Boost! contract with the European Space Agency for the development of a payload accommodation system on MIURA 5 worth 1,300,000 EUR in collaboration with OCCAM Space.
PLD Space was selected in the first phase of the PERTE project in July 2023 with funding of 1,500,000 EUR per successful bidder for launcher design.
PLD Space plans to increase its workforce from 165 employees to a total of 300 by the end of 2024.
PLD Space expects to begin commercial operations in 2026 and aims to exceed 30 launches annually by 2030.
PLD Space plans to open new headquarters in Elche (Alicante) in the first half of 2024 for manufacture and assembly of preliminary MIURA 5 units.
PLD Space is opening a new headquarters facility that will host initial production of the Miura 5.
Miura 5 builds on PLD Space’s experience developing the Miura 1 suborbital rocket.
PLD Space secured 40,500,000 EUR from the Spanish government after completing a preliminary design review of its Miura 5 launch vehicle.
PLD Space is working on tests of components of the TEPREL-C engine that will power Miura 5.