Relativity Space’s Terran 1 booster has arrived at Cape Canaveral in Florida in preparation for its maiden flight later this year. Dedicated Mission: $12 million First Stage: 9 Aeon enginesSecond Stage: 1 Aeon engine Maximum Payload:1,250 kg to 185 km low Earth orbit Nominal Payload:900 kg to 500 km sun synchronous orbit High Altitude Payload:700 kg to 1200 km sun synchronous orbit Firefly Aerospace has shipped both stages required for […]
The operation, led by Arcano Partners, Aciturri and the Centre for the Development of Industrial Technology (CDTI), has allowed the consolidation of previous company shareholders and the entry of new strategic financial partners.
ArcanoBlueBull, Arcano’s specialized Tech M&A division, in addition to strengthening its investment through its IMASDE fund, has served as financial advisor to the round.
The investment enables the Spanish firm to advance in its next strategic milestones, such as the launch of its MIURA 1 suborbital rocket in 2022 and the MIURA 5 orbital in 2024, as well as expanding its productive and personnel capacities.
ELCHE, Spain (PLD Space PR) — PLD Space, the Spanish company that leads the space launch business for small satellites in Europe, has just closed a Series B funding round of $28 million. The operation, led by Arcano Partners, Aciturri and the Centre for the Development of Industrial Technology (CDTI) through the co-investment initiative of Innvierte program, has had the accompaniment of previous company shareholders, who have been able to strengthen their participation, and the entry of new strategic financial partners. ArcanoBlueBull, Arcano’s specialized Tech M&A division, in addition to strengthening its investment through its IMASDE fund, has served as financial advisor to the round.
MIURA 1, the name of this suborbital launch vehicle demonstrator, will return to Teruel to continue with testing before its expected launch during the second half of 2022
The first MIURA 1 public exhibition has gathered numerous institutional representatives and 10,000 visitors
The company, located in Spain, has received more than €36 million of investment allowing the most promising project of the newspace European launchers developments.
PLD Space, led by the cofounders, Raúl Torres and Raúl Verdú, along with executive president, Ezequiel Sánchez, has positioned itself as a key player in the space transportation sector, using its rockets for the dedicated launch of small satellites
PLD Space is also developing MIURA 5, the orbital rocket that will carry out the company’s commercial operations in 2024
ELCHE, Spain, 17 November 2021 — PLD Space has achieved a new milestone with the official presentation in Madrid of its MIURA 1 rocket, that has been exhibited fully assembled for the first time in the capital’s National Museum of Natural Science. This suborbital vehicle is a key step in launch vehicle development, a pathfinder for MIURA 5 development.
PLD Space has to date obtained over 28 million [$34.3 million] euros of private investment and institutional support, mainly in Spain
PLD Space is preparing to launch MIURA 1 towards the end of 2022
ELCHE, Spain, 17 December 2020 (PLD Space PR) — The Ministry of Science and Innovation’s CDTI agency has acquired a stake in PLD Space through its Innvierte programme. This initial tranche of 450,000 euros [$551,880] in a bridge financing round could subsequently be supplemented by further economic contributions up to a maximum of 15 million euros [$18.4 million] if so requested by the those investing in the forthcoming Series B.
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.
TEPREL B is the regenerative engine, designed by PLD Space, that will be used on MIURA 1 flights The two-minute test has been successfully achieved at PLD Space Propulsion Test Facilities in Teruel Airport. Key milestone in MIURA 1 Engine Qualification Campaign, as the company achieved a full-time engine validation ELCHE, Spain, February 26, 2020 (PLD Space PR) — In May 2019 PLD Space suffered a catastrophic engine failure, which […]
ELCHE, Spain (PLD Space PR) — MIURA 1, the suborbital rocket developed by PLD Space, will be launched from “El Arenosillo” Experimentation Center (CEDEA), of INTA, during the third quarter of 2019. This technological demonstrator, whose development began in 2011, is designed to provide scientific and commercial access to space from Spain.