"The European Investment Bank has signed a €30 million venture debt loan with PLD Space to support the final development stage of MIURA 5, the Spanish company's two-stage rocket designed to deploy small satellites into low Earth orbit."
"MIURA 5 is a two-stage rocket in the small lift segment, designed to carry payloads of up to around 1,040 kilograms to low Earth orbit, built for dedicated small satellite launches."
"The EIB financing will support both the completion of MIURA 5's final development programme and the scaling of PLD Space's industrial and launch infrastructure as it transitions toward commercial operations."
PLD Space has signed a €30 million venture debt loan with the European Investment Bank, backed by InvestEU, to finalize the development of its MIURA 5 rocket. This funding increases PLD Space's total fundraising to €210 million for 2026, following a €180 million Series C round. MIURA 5 is designed for dedicated small satellite launches, aiming for over 30 missions annually by 2030. The EIB financing will enhance PLD Space's industrial capabilities and support its transition to commercial operations.
Read at TNW | Investors-Funding
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