PLD Space, a Spanish space launch company based in Elche, has announced a Series C funding of €180 million. This investment aims to increase the production of its orbital launch systems and expand launch operations globally.

Funding Details

The funding round sees the strategic participation of Mitsubishi Electric, along with public and private investors such as CDTI Innvierte, COFIDES, and Nazca Capital. The funds will be used to support the growth and development of the company's commercial launch capabilities.

Market Context

The space launch sector is experiencing a phase of strong expansion, with increasing demand for services for the deployment of satellites and other space missions. Europe aims to strengthen its autonomy in this strategic sector, reducing dependence on external suppliers.