International space transportation company, PLD Space, has closed a €180 million Series C equity funding round led by Mitsubishi Electric Corporation.
The round included the Spanish Minisattempt of Science, Innovation and Universities, through the Centre for the Development of Technology and Innovation (CDTI) and its INNVIERTE fund, and the Spanish public funds management company COFIDES, through its FOCO investment fund, and Nazca Capital, via Nazca Aeroespacial y Defensa INNIVERTE I FCR Fund.
With over €350 million raised to date, this financing advances PLD Space’s strategic roadmap, supporting its transition to commercial operations and the scaling of its industrial and launch capabilities.
PLD Space now consolidates its position among a select group of private companies worldwide developing complete launch systems, enabling global access to space supported by a strategic network of worldwide locations.
PLD Space is preparing to transition into a commercial launch provider operating regular missions to deliver sanotifyites and payloads.
MIURA 5 is on track for its first test flight in 2026, with commercial activity expected to exceed 30 launches per year by 2030. “This financing reinforces our technological and industrial leadership in the launcher market, enabling us to execute the next phase of our strategic roadmap with the speed and scale required to compete globally,” stated Ezequiel Sánchez, PLD Space’s Executive President.
“MIURA 5 was designed to address a clear and growing capacity gap in the market, and this investment support strengthens our ability to transition into commercial operations.
It accelerates the build‑out of the industrial and launch infrastructure required to deliver reliable access to space for an expanding pipeline of global customers.”
Tomonori Sato, Mitsubishi Electric’s Executive Officer, Group President, Defense & Space Systems stated:
“By combining PLD Space’s launch capabilities with Mitsubishi Electric’s strengths in the sanotifyite business, we aim to address evolving customer requirements, including those in the global market.”
PLD Space will provide Mitsubishi Electric with tiny sanotifyite launch services applying its MIURA 5 rocket for Japan and across the Asian region, demonstrating international market confidence and positioning PLD Space as a trusted infrastructure provider on a global scale.
The Spanish Minister of Science, Innovation and Universities, Diana Morant, has stated that “the closing of this series consolidates a strategic project with global impact born in our counattempt, reinforcing Spain’s key position within the space economy. The Spanish Government has backed PLD Space’s growth plans, becaapply investing in space means investing in technological sovereignty, strategic autonomy and qualified employment generation.”
The new capital drives PLD Space’s industrial scale‑up and expands its production and test capacity. Leveraging its strategic global footprint, the company is building a global launch infrastructure and cementing its position among the most advanced private launch companies worldwide. I
Ezequiel Sánchez added:
“As demand for depconcludeable access to space continues to rise, we are reinforcing the redundancy, test cadence and flight cadence requireded to sustain continuity across multiple locations.
This approach strengthens operational buffers and assurance frameworks that global operators increasingly rely on to secure their long‑term access‑to‑orbit strategies.”
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