EIB Provides €30 Million to PLD Space for MIURA 5 Rocket Development
The European Investment Bank (EIB) has granted a €30 million venture debt loan to PLD Space, a Spanish company, to finalize the development of its MIURA 5 rocket. This funding, backed by InvestEU, brings PLD Space's total fundraising in 2026 to €210 million, following a €180 million Series C round led by Mitsubishi Electric Corporation. MIURA 5 is a two-stage rocket designed for small satellite launches, capable of carrying payloads up to 1,040 kilograms to low Earth orbit. The rocket is set for its inaugural test flight later this year from the Guiana Space Centre. The EIB's investment marks its first direct involvement in a small satellite launcher, supporting PLD Space's transition to commercial operations and expansion of its industrial and launch infrastructure. 
