PLD Space, the international space transportation company headquartered in Elche, Spain, has extended its Series C funding round with an additional €108 million investment. The extension brings the total size of the round to €288 million and raises the company's aggregate funding to €488 million. The capital will support the industrialisation of the MIURA 5 launch vehicle and accelerate the company's transition toward regular commercial operations and independent access to space.
Investor base strengthened by industrial and financial partners
The extension is led once again by Mitsubishi Electric Corporation, with participation from COFIDES, the Spanish development finance institution. New investors include Endeavor Catalyst and MCH Private Equity, adding further weight from top-tier industrial, public, and financial institutions. PLD Space stated that this combination of support confirms the strength of its growth strategy and its capacity to commercialise MIURA 5 at scale while sustaining long-term operations.
MIURA 5 industrialisation and production capacity
The new capital will be directed toward MIURA 5 industrialisation, expanded production capacity, and enhanced testing capabilities across key facilities. These investments are designed to help PLD Space move from development activities into reliable, repeatable manufacturing processes for commercial missions and institutional customers. The company expects this focus to strengthen its ability to meet rising demand for dedicated small satellite launch services and a growing order pipeline.
Launch infrastructure and test expansion
A portion of the funding will support the development of launch infrastructure required for MIURA 5 flight campaigns and recurring mission operations. PLD Space is expanding its test facilities to validate critical systems, flight hardware, and operational procedures before commercial missions begin. This groundwork is central to the company's plan to establish financially sustainable and independent access to orbit for European and international customers.
Series C round reaches €288 million
PLD Space originally launched its Series C round in March 2026 and has now increased the total to €288 million. Combined with previous financing, aggregate company funding has reached €488 million, marking a substantial capital milestone for the privately backed space company. The extension reflects sustained investor confidence in the company's technical progress, its commercial pipeline, and its path toward first commercial flights of MIURA 5.
European launch capability and market momentum
The announcement underscores growing momentum behind sovereign European launch capabilities and the broader commercial space sector. PLD Space positions MIURA 5 as a flexible and cost-effective solution for small satellite operators, research institutions, and government customers seeking dedicated orbital delivery. Its expanded infrastructure investment aligns with Europe's wider effort to secure resilient access to space and reduce external dependencies for critical scientific, commercial, and security missions.
Path to commercial operations and financial sustainability
PLD Space said the additional investment will accelerate its transition toward commercial operations and strengthen its long-term financial foundation. The company is focused on scaling production capacity while maintaining disciplined operational execution across its programmes and expanding its industrial footprint in Spain. With this extension, it aims to secure a leading role in the competitive market for small and medium satellite launch services and resilient space logistics.
PLD Space's extended Series C round marks a significant milestone in its evolution from launch developer to commercial operator. The €288 million round and €488 million in total funding provide a stronger capital base for the MIURA 5 programme and its supporting infrastructure. Strategic backing from industrial and financial partners reinforces confidence in the company's ability to deliver independent, resilient access to space and to compete in the growing orbital launch market.