This operation represents the EIB's first direct investment in the small satellite launcher sector, as reported by the institution. The funds will be allocated to the culmination of the Miura 5 project and the expansion of PLD Space's industrial and launch capabilities, headquartered in Elche.
The Miura 5 is a rocket conceived to simplify processes and reduce risks associated with launching small satellites, avoiding the complexities that often arise with larger capacity launch vehicles. Its first test flight is scheduled for 2026, with the expectation of offering a flexible service that will include up to 30 annual missions from various spaceports.
“"This agreement is an important milestone for the European space sector and will allow us to expand the necessary infrastructure to offer reliable access to space for international clients."
This investment is integrated into the EIB's “New Space” portfolio, which already includes funding for other European space companies such as Aerospacelab, Sateliot, Endurosat, and D-Orbit. The EIB's objective is to contribute to the European Union's strategic autonomy in the space sector.
The Miura 5 is a two-stage rocket specifically designed for launching small satellites, a growing segment that demands more adaptable and economical solutions. Furthermore, the vehicle incorporates measures to be partially reusable, adding a component of sustainability to its operations. Among the spaceports from which it will operate is the Guiana Space Centre, in French Guiana.
