PLD Space Funding, Investors & Competitors

PLD Space has raised $297M across 8 funding rounds, most recently a Series C in September 2026.

Last PLD Space funding round

Series C

Amount undisclosed · Sep 2026

Cumulative funding PLD Space raised

$297M

across 8 funding rounds

Key investors in PLD Space

  • Centre for the Development of Industrial Technology (CDTI)
  • Cofides
  • Mitsubishi Electric
  • Arcano
  • Aciturri
  • Endeavor Catalyst
  • Criteria Venture Tech
  • JME Ventures

PLD Space Overview

About PLD Space

PLD Space is a Spanish aerospace company founded in 2011 by Raúl Torres and Raúl Verdú to develop privately operated launch vehicles. Its MIURA 1 suborbital rocket serves as a technology demonstrator for propulsion, structures, guidance and recovery systems. The larger MIURA 5 is designed to place commercial and institutional payloads into low Earth orbit from the Guiana Space Centre. PLD Space designs engines, manufactures launch hardware, operates test facilities and plans to sell launch services to satellite customers. Its clients include commercial spacecraft operators, research institutions and government space programmes. Revenue is expected from launch contracts, engineering work and public-sector development programmes. The company completed its first investment round in 2013 and has subsequently raised institutional capital to move from technology demonstration toward recurring orbital launches.


Founded

2011

HQ

SpainElche

Status

Privately held

Customer focus

B2B & B2G

Revenue model

Product sales

PLD Space Funding History

PLD Space has raised a total of $297M across 8 funding rounds.

PLD Space's first fundraising round was a $1M seed round in June 2013. The most recent completed round was a Series C in September 2026.

PLD Space funding rounds

PLD Space funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2026Series CCofides (lead); Mitsubishi Electric (lead); MCH; Endeavor Catalyst-PLD Space extended its Series C financing by €108 million in September 2026, bringing the total round to €288 million and cumulative funding to €488 million. The extension was led again by Mitsubishi Electric, with COFIDES participating alongside new investors Endeavor Catalyst and the Spain Oman Private Equity Fund managed by MCH Private Equity. The capital is being used to scale PLD Space’s launch capabilities and accelerate development and industrialization of its reusable Miura 5 rocket, including preparations for a first flight targeted for late 2026. The company’s stated objective is to strengthen European launch capacity and move from development into commercial operations. PLD Space is an Elche-based aerospace engineering company founded in 2011 and focused on reusable launch systems for small and medium-sized satellites. The company has been building its MIURA 5 launch system and had already closed a €180 million Series C in March 2026 before this extension.
Mar 2026Series CCofides (lead); Mitsubishi Electric (lead); Nazca Capital; Centre for the Development of Industrial Technology (CDTI)$212M-
Oct 2023Series CArcano (lead); Centre for the Development of Industrial Technology (CDTI) (lead)$40M-
Jan 2023Strategic investmentAxon Partners-Axon Partners Group invested in Spanish launch-vehicle developer PLD Space in 2023. PLD Space operates in a defined specialist market and the transaction was presented as a step in its commercial or industrial development. SpainCap’s 2024 annual directory lists PLD Space among Axon’s investments made in 2023; no reliable closing day or Axon-specific amount is disclosed. The target remains separately identified from similarly named businesses and is matched to its own operating geography and website where available. This item was also compared with the live deal inventory to avoid recreating a financing, acquisition or exit already attached to the target.
Dec 2021Series BAciturri (lead); Arcano (lead); Centre for the Development of Industrial Technology (CDTI) (lead)$26M-
Jun 2018Series AAciturri (lead); Centre for the Development of Industrial Technology (CDTI) (lead); Andreas Mihalovits; GMV; ALZIS; JME Ventures$18M-
Jul 2013SeedGonzalo de la Peña$400K-
Jun 2013SeedValencia Institute of Finance; Criteria Venture Tech; Centre for the Development of Industrial Technology (CDTI)$1M-

Who has invested in PLD Space?

16 investors have backed PLD Space across its funding rounds, including Centre for the Development of Industrial Technology (CDTI), Cofides, Mitsubishi Electric, Arcano, Aciturri and Endeavor Catalyst.

Lead investors include Cofides, Mitsubishi Electric, Arcano, Centre for the Development of Industrial Technology (CDTI) and Aciturri.


PLD Space Investors

Investors in PLD Space by funding rounds participated
InvestorHQRoundsRoleFirst check
Centre for the Development of Industrial Technology (CDTI)SpainMadrid5LeadJun 2013
CofidesSpainMadrid2LeadMar 2026
AciturriSpainMiranda de Ebro2LeadJun 2018
Mitsubishi ElectricJapanTokyo2LeadMar 2026
ArcanoSpainMadrid2LeadDec 2021
Valencia Institute of FinanceSpainValencia1ParticipantJun 2013
MCHSpainMadrid1ParticipantSep 2026
Axon PartnersSpainMadrid1ParticipantJan 2023
Andreas MihalovitsSpainMarbella1ParticipantJun 2018
Criteria Venture TechSpainBarcelona1ParticipantJun 2013
GMVSpainMadrid1ParticipantJun 2018
Nazca CapitalSpainMadrid1ParticipantMar 2026
Endeavor CatalystUnited StatesNew York City, NY1ParticipantSep 2026

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PLD Space Competitors

PLD Space competitors include listed companies like SpaceX, Lockheed Martin, Northrop Grumman and Heico, and private ones like Blue Origin and Stoke Space.

Public and private companies comparable to PLD Space
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SpaceXUnited StatesUnited StatesPublicly listed$19B$3.9B$1.8T-
Blue OriginUnited StatesKent, WAPrivate--$140B-
Lockheed MartinUnited StatesUnited StatesPublicly listed$75B$8.7B$131B1.8x
Northrop GrummanUnited StatesUnited StatesPublicly listed$42B$7.2B$75B2.0x
HeicoUnited StatesUnited StatesPublicly listed$4.5B$1.2B$40B7.8x
Stoke SpaceUnited StatesSeattle, WAPrivate--$9B-

PLD Space Public Comps

PLD Space is still privately-owned, but its public comps include SpaceX, GE Aerospace, RTX, Airbus, Rolls-Royce, Boeing, Safran, Lockheed Martin, Parker Hannifin and General Dynamics.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SpaceX$19B$3.9B94.9x-450.5x-
GE Aerospace$46B$11B7.5x7.0x31.1x29.0x
RTX$89B$15B3.2x3.0x19.3x18.3x
Airbus$82B$11B2.1x1.9x16.1x14.4x
Rolls-Royce$28B$11B4.8x4.4x12.9x18.6x
Boeing$89B$7.4B1.8x1.7x22.1x42.5x
Safran$35B$13B3.9x3.4x10.4x15.5x
Lockheed Martin$75B$8.7B1.9x1.8x16.7x13.2x

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Common questions about PLD Space

When was PLD Space founded?PLD Space was founded in 2011.
Where is PLD Space headquartered?PLD Space is headquartered in Elche, Spain.
Is PLD Space publicly listed?No, PLD Space is a private, VC-backed company.
How much funding has PLD Space raised?PLD Space has raised $297M across 8 funding rounds.
What was PLD Space's last funding round?PLD Space's last funding round was a Series C in September 2026, led by Cofides and Mitsubishi Electric.
Who are PLD Space's investors?PLD Space's investors include Centre for the Development of Industrial Technology (CDTI), Cofides, Aciturri, Mitsubishi Electric, Arcano, Valencia Institute of Finance, MCH, Axon Partners, Andreas Mihalovits, Criteria Venture Tech and 6 others.
Which companies are comparable to PLD Space?Companies comparable to PLD Space include SpaceX, Blue Origin, Lockheed Martin, Northrop Grumman, Heico and Stoke Space.

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