Key Takeaways
- PLD Space raises €180 million in Series C funding.
- Mitsubishi Electric becomes strategic partner and launch customer.
- Funding to accelerate rocket development and industrial production.
Spanish Startup PLD Space Secures $180M Funding Round
PLD Space Expands with Mitsubishi Electric Partnership Amid Growing Satellite Demand
Spanish space company PLD Space has secured a €180 million Series C funding round led by Mitsubishi Electric Corporation. The Japanese conglomerate will become the startup’s strategic partner and launch customer, providing capital to accelerate rocket development. This deal may signal PLD Space’s expansion into Asia’s satellite launch market. According to AeroTime, the startup aims to conduct its first launch from Europe’s Spaceport in Kurou, French Guiana, by 2026, with plans for at least 30 annual launches by 2030.
Sponsored by Jumpseat Solutions, jumpseatsolutions.com