Venture part of tech firm’s Series B investment round for space vehicle development
PLD Space already attracted over €18 million [$21.3 million] in private investment and institutional support in addition to new deal involving Arcano
Arcano Partners a leading financial advisor in Iberian market
ELCHE, Spain, 15 September 2020 (PLD Space) — Spanish reusable launch vehicle developer PLD Space today announced the closure of further financing through a tie-up with independent financial advisory and alternative asset management group Arcano Partners. The €7 million [$8.3 million] venture will fund the build out of the PLD Space aerospace project in a deal forming part of its Series B investment round.
Both companies have agreed to work together to explore the possible terms and conditions that can validate PLD Space as a launch services provider.
PLD Space is a Spanish company that develops launch technologies to provide commercial orbital and suborbital access services dedicated to small payloads and small satellites.
HISPASAT will help to define the technical conditions that satellites must meet to be integrated and launched on board MIURA 5.
ELCHE, Spain, March 3, 1920 (PLD Space PR) — The Spanish companies HISPASAT, satellite telecommunications operator, and PLD Space have signed an agreement today in Madrid with the intention of working together on defining the technical features and analysing compatibility to launch services on board MIURA 5.
ELCHE, Spain (PLD Space) – PLD Space has taken an important step forward in their attempt to develop a European reusable launcher. This morning, the recovery drop test of the first stage of the MIURA 5 rocket was carried out from El Arenosillo Experimentation Center (CEDEA), of INTA (Instituto Nacional de Técnica Aeroespacial).
This operation, an essential part of the campaign to develop future launchers (FLPP) of the European Space Agency (ESA), serves the purpose of validating the recovery system of MIURA 5-PLD Space’s first private reusable orbital launcher. The drop test has been carried out successfully on April 11, 2019, which places PLD Space in a good position for the further development of this reusable orbital launcher thatwill allow space access services for small satellites.
PARIS (ESA PR) — Imagine moving satellites to higher orbits, collecting space debris, and dedicated launches for small satellites. These are the winning entries of ESA’s call for ideas on new commercial space transportation services.
This campaign aimed to foster open innovation and offer encouragement to those with new ideas within the privately-funded space sector.