After securing €158.9 million ESA award, PLD Space adds €108 million to Series C, bringing round to €288 million

PLD Space, an Elche-based space transportation company, today announced that it has extended its Series C funding round, originally launched in March 2026, with an additional €108 million investment. 

The Series C extension was led once again by Mitsubishi Electric Corporation. The Spanish public funds management company COFIDES is co-investing again following its participation in the initial Series C round. This extension brings the Series C round to €288 million and aggregate funding to date to €488 million.

Other new investors include Endeavor Catalyst, Endeavor’s global venture capital fund, and Spain Oman Private Equity Fund (SOPEF) – an investment vehicle managed by MCH Private Equity. Banco Santander acted as financial advisor, and Deloitte provided legal counsel to PLD Space. 

Ezequiel Sánchez, PLD Space’s Executive President, said, “This new milestone, which builds on the Series C round launched earlier this year, reinforces our capacity to execute PLD Space’s transition into a global commercial launch provider, while maintaining rigorous operational and financial discipline. The backing of top-tier industrial, public, and financial investors confirms the strength of our growth strategy and accelerates our ability to commercialise MIURA 5, scale our production capacity, and secure financially sustainable, long-term commercial operations.”

This development comes amid a notable year of growth for the Elche-based SpaceTech company, which was awarded €158.9 million by the European Space Agency (ESA) under the European Launcher Challenge (ELC) last month. It also raised a €180 million Series C in March, secured a €30 million EIB venture-debt facility in April, and received a €35 million investment for its Launch Complex at the Guiana Space Centre in June. 

Founded in 2011 by Raúl Torres and Raúl Verdú, PLD Space is an aerospace manufacturer and small satellite launch service provider. The company is on a mission to unlock rapid, reliable, and sustainable access to space for space organisations, research institutes, and commercial and institutional customers worldwide.

The company states that it is vertically integrating the engineering, testing, manufacturing, and operations of its reusable and sustainable rockets. Its portfolio includes the MIURA family of launchers and the LINCE crewed capsule, which it says are intended to cover the full spectrum of space missions and to position it as a leader in European technological sovereignty in space transportation. 

PLD Space plans to use the new capital to support MIURA 5 industrialisation, production and test capacity, launch infrastructure, and the transition toward commercial operations. 

The company has a team of more than 500 employees and operates over 188,000 m² of facilities in Elche, Teruel (Spain), Kourou (French Guiana), and Duqm (Oman), enabling it to provide comprehensive satellite and payload launch services. 

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