Image: PLD Space
Aerospace Financing
Space transportation company PLD Space has increased its Series C funding round to €288 million, adding an additional €108 million. Led by Mitsubishi Electric and COFIDES, this round brings the total funding to €488 million to boost the industrialization of the MIURA 5 rocket.
The international space transportation company, PLD Space[Company Name] has announced a €108 million increase in its Series C funding round. This capital injection raises the total round to €288 million and brings the company's cumulative funding to €488 million, a key milestone for its business expansion plans.
Based in Elche (España), PLD Space will allocate the new funds to the industrialization of its launcher MIURA 5The objective is to expand production and testing capacity, as well as develop the launch infrastructure necessary for the start of large-scale commercial operations. This operation consolidates the firm's position as a strategic player in the efforts of Europa to guarantee a sovereign and resilient access to space.
Industrial and institutional partners consolidate the round
The expansion of the C Series is once again being led by the Japanese technology conglomerate Mitsubishi Electric Corporationwhich reaffirms its role as a long-term industrial and strategic partner. Alongside it, the Spanish public fund management company, COFIDES, has reinvested again, reinforcing the institutional support that has accompanied PLD Space from the start of the round in March 2026.
The deal has also attracted significant new investors in the internationalization and venture capital ecosystem. These include: Endeavor Catalyst, the global fund of Endeavor, as well as the Spain Oman Private Equity Fund (SOPEF), an investment vehicle managed by MCH Private EquityFinancial advice has been provided by Banco SantanderWhile Deloitte has provided legal advice.
Ezequiel Sánchez, CEO of PLD Space, has praised the operation, highlighting its strategic importance: "This new milestone, which continues the Series C round initiated at the beginning of the year, reinforces our ability to execute the transition of PLD Space toward becoming a global provider of commercial launch services, while maintaining rigorous operational and financial discipline.” Sánchez added that “the backing of top-tier industrial, public, and financial investors confirms the strength of our growth strategy and accelerates our ability to commercialize MIURA 5"to expand our production capacity and ensure sustainable and financially viable business operations in the long term."
| Financing Concept | Amount (Euros) |
|---|---|
| Additional Expansion Series C | 108 million |
| Total Amount Series C Round | 288 million |
| Total Cumulative Financing | 488 million |
Frequently Asked Questions (FAQ)
What is the total amount of PLD Space's Series C funding round?
With the additional €108 million increase, the Series C funding round of PLD Space It reaches a total amount of 288 million euros.
What will PLD Space use the new capital obtained for?
The funds will be primarily used to boost the industrialization of its reusable rocket. MIURA 5, expand production and testing capacity, and develop launch infrastructures to begin commercial operations.
Who are the main investors in this funding round expansion?
The operation is being led by the Japanese conglomerate Mitsubishi Electric Corporation and co-invested by the Spanish state-owned company COFIDESNew investors are joining, such as Endeavor Catalyst and the background SOPEF, managed by MCH Private Equity.
What is the total amount of funding that PLD Space has received to date?
Following this latest transaction, the company's accumulated financing amounts to a total of 488 million euros.
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