Spain's PLD Space adds $125 million to its latest funding round

Mitsubishi Electric

01/09/2026 09:51

Sept 1 (Reuters) - Aerospace engineering firm PLD Space said on Tuesday it had extended its equity funding round by €108 million ($125 million), bringing the round's total to €288 million.
The company's cumulative funding stands at €488 million, as it seeks to boost its capacity to launch rockets into space.
The new capital will support the industrialisation and commercialisation of the MIURA 5 launcher, the Spanish company said, including expanded manufacturing and testing capacity, new launch infrastructure, and preparations for commercial operations.
It said the additional funding for its series C round — a mechanism often used by startups to expand into new markets, develop products or prepare for a stock market listing — is led by Mitsubishi Electric 6503.T.
Previously in March, PLD Space closed a €180 million equity funding round, which also included Mitsubishi Electric.
Spain's partly state-owned investment company COFIDES is participating again, the firm said, as well as new investors Endeavor Catalyst and the Spain Oman Private Equity Fund, managed by MCH Private Equity.
In 2023, PLD Space launched Europe's first fully private rocket.
     
($1 = 0.8626 euros)

 (Reporting by Benjamín Mejías Valencia; Editing by Sharon Singleton)
 ((benjamin.mejias@thomsonreuters.com))