About the transaction
BlueBull acted as the financial advisor to the shareholders of PLD Space, helping to bolster the financial standing of PLD Space through a funding round composed of qualified professional investors.
The new capital increase has allowed for the reinforcement of the position of previous shareholders of the company and the entry of new partners into the capital of PLD Space
The capital will enable the Elche-based firm (Alicante) to progress in its upcoming strategic milestones, such as the launch of its MIURA 5 orbital rocket in 2025, as well as to expand its production capacities and workforce in order to become a leading European company in the development of reusable rockets.
Thanks to this funding, the company expects to expand its production and testing facilities from 169,000 to 834,000 sqm. These facilities will be used for the development of its small launcher rocket, Miura 5.
With the support received from Family Offices, Venture Capital, public entities, and Business Angels, the company has reached over €120m in capital, positioning it as one of the leading companies in terms of funding volume within the aerospace industry.
PLD Space is a pioneering Spanish aerospace company and a leader in Europe in the development of reusable rockets, renowned for its prestige in the industry and its robust projects, embodied in its launch vehicles: the suborbital MIURA 1 and the orbital MIURA 5. These launchers position Spain among a select group of countries capable of successfully sending small satellites into space.
With over a decade of history, PLD Space successfully launched its MIURA 1 prototype in the second half of 2023 and is poised to undertake its first real space transport mission with MIURA 5 in 2025. Headquartered in Elche (Alicante) with technical facilities in Teruel, Huelva, and French Guiana, the company employs more than 190 staff, nearly 50% of whom are engineers and scientists.
Recently, PLD secured the contract for the second phase of developing a Spanish launcher for small satellites as part of the Aerospace PERTE initiated by the Government of Spain. This contract will provide the company with an additional €40.5 million to accelerate the development of its commercial rocket, Miura 5. The company aims to expand its workforce to 300 by the end of the year and is looking forward to commencing commercial launches in 2026
2011
Foundation
+6M
Contracts with space agencies
+120M€
Of cumulative investment
BlueBull is a leading investment bank with a presence in Southern Europe, specialising in advising technology and high-growth companies with disruptive and innovative business models.
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