PLD Space, the Spanish company that leads the space launch business for small satellites in Europe, has opened new investment opportunities related to the kick-off of the MIURA 5 program. The company, which will begin the MIURA 1 launch campaign in March, is already moving forward in the development of the orbital rocket that will start its commercial activity at the end of 2024.

PLD Space has a leading position in the national and European aerospace sector. The company has a more advanced level of industrial maturity compared to that of the micro-launcher sector in Europe. In the next 10 years, this global market projects growth of +253% with very diverse applications in Earth observation or telecommunications. In Spain, moreover, the national government is promoting an Aerospace PERTE, which will mobilize about 4,533 million of investment until 2025. In this context, PLD Space will position itself as a key player, participating in different transformation programs.

With more than a decade of experience in the design and development of launch technologies, PLD Space is about to start its first flight demonstration campaign with its suborbital rocket, MIURA 1. With this test, the company will demonstrate that it has developed the ability to travel into space and will transfer this knowledge to its orbital rocket, MIURA 5, which will start its commercial activity at the end of 2024.

As a result of this series of value milestones, the company has opened up new investment opportunities. PLD Space has already succeeded in attracting a qualified industrial and institutional investor profile, such as Aciturri or the Center for the Development of Industrial Technology (CDTI), which has accompanied the company with financing, as well as providing valuable capital and strategic know-how.

In addition to the support of these qualified investors, PLD Space's financial roadmap includes the incorporation of new shareholders through the opening of a retail tranche. Thus, the company has already reached 60 million euros in total investment to date. To this end, it has partnered with the leading retail investment platform SEGO Venture, where it has broken records by raising more than 75% of the investment round in just a few hours.

"With this initiative, our goal is to offer the opportunity to be part of PLD Space's achievements to small investors with less access to investments with this level of maturity," says PLD Space's Co-founder and CBDO Raúl Verdú.

In addition, this retail tranche will serve PLD Space as a learning experience for another of its potential medium-term financial goals, such as a public listing.

In parallel, PLD Space is moving forward with the Series C investment round, which will allow it to develop the main part of its MIURA 5 program and its commercial activity. The round has a size of 150 million euros that will be dedicated to cover the manufacturing and launch phase of MIURA 5, as well as the resizing of its infrastructures and equipment in order to meet the value milestones set in its program.