Spanish company PLD Space said on 4 March 2026 it had closed an equity funding round worth €180 million. The company said the round was equivalent to $209 million at current exchange rates. It named Mitsubishi Electric among the investors, alongside Spanish public and development-backed entities supporting innovation. PLD Space said the funds are intended to expand its capability to launch payloads into orbit and to strengthen operational capacity for rocket launches.
The company is developing launch vehicles and infrastructure for satellite launch services. PLD Space did not provide a full spending timetable or dates for key milestones following the round. The funding was announced as Europe moves to strengthen independent capabilities in strategic sectors, including space. Details on the post-round shareholding structure were not made public.