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PLD Space Secures €108M in Series C Extension

September 1, 2026

2 min read

Key Takeaways

PLD Space raises additional €108 million in Series C extension.
Total funding for Series C round now €288 million.
Funding supports development of Miura 5 reusable rocket.
Lead investor is Mitsubishi Electric.

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Strategic Implications

This investment may signal growing confidence in European space startups, particularly those focused on reusable rocket technology. The participation of Mitsubishi Electric and other international investors suggests a global interest in PLD Space's capabilities, which could accelerate the company's commercialization and scale-up efforts.

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What Happened

Spanish Space Company Boosts Funding For Reusable Rocket Development

Spanish space company PLD Space has secured an additional €108 million in funding by extending its Series C round, bringing the total to €288 million. The investment, led by Mitsubishi Electric, will support the development of the Miura 5 reusable rocket, capable of launching small satellites into orbit. With this funding, PLD Space has now raised a total of €488 million. The company aims to launch its first Miura 5 rocket from Europe Spaceport in Kourou, French Guiana, before the end of 2026. This development was first reported by AeroTime.

Source | Originally Published: March 26, 2026

Companies Mentioned