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PLD Space conducted a 122-second full mission static-fire test of the Miura 1 rocket on 2022-09-15 at a company facility in Teruel, Spain.
PLD Space is using the same vehicle technology and control center for Miura 1 as it plans to use for Miura 5.
CDTI has supported PLD Space through the INNVIERTE program since 2019 to support capitalization of technology companies in co-investment with private investors.
PLD Space will launch the MIURA 1 suborbital rocket at the end of 2022 from El Arenosillo in Huelva.
PLD Space will manufacture the MIURA 5 orbital vehicle and subsequently launch it in 2024 from French Guiana.
CDTI made an additional investment commitment of more than $2,900,000 in PLD Space.
PLD Space has raised more than $50,000,000 in total capital.
PLD Space debuted a fully assembled Miura 1 reusable suborbital rocket at the National Museum of Natural Science in Madrid on 2021-11-16.
PLD Space is competing in an unofficial European commercial race to space with German launch startups Isar Aerospace and Rocket Factory Augsburg, both targeting first orbital launches in the second half of 2022.
PLD Space is looking to launch its first Miura 5 rocket from the Guiana Space Centre.
PLD Space is developing the MIURA 5 reusable orbital rocket and expects its first mission in July 2024 to mark the start of the company’s commercial satellite launches.
PLD Space plans to introduce a reusable version of MIURA 5 after the first two Block 1.0 flights to develop a commercial reusable booster in Europe.
PLD Space’s stated objective is to become the European Microlauncher Company using reusable rockets dedicated to launching smallsats.
Prior to losing the Teprel-B engine, PLD Space planned to conduct Miura 1’s maiden launch in 2019.
PLD Space’s nearly 17-million-euro Series A round took more than two years to close and wrapped up in 2019 with a 9-million-euro tranche.
PLD Space is working toward a late 2021 or early 2022 debut of its Miura 1 suborbital rocket.
PLD Space raised 7,000,000 EUR from Madrid-based investment banker Arcano Partners.
PLD Space lost its kerosene-fueled Teprel-B engine during a May 2019 hot-fire test.
PLD Space plans to use data from the maiden and subsequent Miura 1 flights to continue development of the partially reusable Miura 5 microsatellite launcher.
PLD Space completed a successful burst test in March of the Miura 1 composite overwrapped pressure vessel used to pressurize the rocket’s propulsion stage during flight.