The European Investment Bank has signed a €30M venture debt loan with Spanish rocket company PLD Space to fund the final development of MIURA 5, a two-stage small satellite launcher targeting low Earth orbit. Backed by InvestEU, this is EIB's first direct investment in a small satellite launcher. The deal brings PLD Space's total 2026 fundraising to €210M, following a €180M Series C led by Mitsubishi Electric in March. MIURA 5, designed to carry up to 1,040 kg payloads with a reusable first stage, is on track for its inaugural test flight from the Guiana Space Centre later in 2026, with a target of 30+ commercial missions per year by 2030.
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