PLD Space

Spanish launch company PLD Space closed a €180 million Series C round led by Mitsubishi Electric to prepare for the debut flight of its Miura 5 rocket.

Spanish launch startup PLD Space closed a €180 million ($209M) Series C on March 4, 2026, led by Mitsubishi Electric Corporation with participation from CDTI INNVIERTE, COFIDES, and Nazca Capital. The round brings total funding to approximately €350 million — not including €169 million committed by the Spanish government via ESA's European Launcher Challenge. Mitsubishi Electric invested €50 million and committed as a strategic launch customer, seeking priority access to Miura 5 to support its own satellite constellation plans. First Miura 5 test flight is now targeting late 2026 from the Guiana Space Centre.