 | |
 Headquarters of PLD Space inElche, Spain | |
| Company type | Private |
|---|---|
| Industry | Launch service provider |
| Founded | 2011; 14 years ago (2011) |
| Founder | Raúl Torres, Raúl Verdú and José Enrique Martínez |
| Fate | Active |
| Headquarters | |
Key people | Raúl Torres(co-founder & CEO); Raúl Verdú(co-founder & COO) |
| Products | TEPREL rocket engine Miura 1 rocket Miura 5 rocket |
| Services | Suborbital & orbital rocket launch; Rocket engine testing |
Number of employees | 400+ (October 2025) |
| Website | pldspace.com |
Payload Aerospace S.L. (PLD Space) is a Spanish company developing two partially-reusablelaunch vehicles calledMiura 1 andMiura 5.
Miura 1 is designed as asounding rocket forsub-orbital flights to perform research or technology development inmicrogravity environment and/or in theupper atmosphere. Furthermore,Miura 1 is also serving as the technological demonstrator of the orbital launcherMiura 5. Miura 5 will provide orbital launch capabilities for small payloads such asCubeSats, that need a flexible and dedicated launch vehicle and therefore can not fly with traditional launch vehicles. It is being designed to deliver a total payload mass up to 900 kg (2,000 lb) intolow Earth orbit.[1][2]
Recovery of the first stage would be by the use of parachutes andsplashdown for re-use.
PLD Space was founded in 2011 by Raúl Torres, Raúl Verdú and José E. Martínez inElche, Spain, and as of 2019 it employed 70 people. In August 2017 the company headquarter moved to new facilities in the Elche Industrial Park, where the assembly facilities for Miura 1 are located.[3]
Since 2014, the company has operated an engine test stand located atTeruel Airport,[4] where they performed the first test of its liquid fuel engine on 1 July 2015.[5] It was the first time a liquid rocket engine was tested in Spain, and the first time a private company in Europe tested a liquid rocket engine on its own facilities. As of 2018, PLD Space had plans to expand their test facilities to include a vertical test stand to qualify the complete Miura 1 suborbital rocket.[6]
In early August 2018, PLD Space and theTeruel Airport Consortium signed the concession of a13337 m2 space at the airport for the PLD Space to test launcher technology. The agreement has a period of 25 years, with the option of an additional 10-year extension. PLD Space will invest€1 million in infrastructure for the construction of a new control room, offices, access paths, a rocket engine maintenance hangar and a new test bench to test the complete Miura 1 rocket.[7]
In November 2018 PLD Reached an agreement withINTA (transl. Esteban Terradas National Institute for Aerospace Technology) to launchMiura 1 fromEl Arenosillo.[8] The agreement is not limited to using the INTA facilities for launching but rather establishing a lasting relationship that will allow them to develop scientific, aerospace and technical knowledge.
In July 2019, PLD Space reached an agreement withCNES to study the launch ofMiura 5 fromCSG,French Guiana.[9] As part of their agreement, INTA is also helping them procure a launch site, beingEl Hierro Launch Centre the best option from a technical point of view.[10]
As of March 2023, the company planned to launch their firstMiura 1 vehicle in the second quarter of 2023 fromEl Arenosillo Test Centre.[11] The launch successfully occurred on 7 October 2023 at 0:19 UTC.[citation needed]
The company has been funded through a series of investment rounds from both institutional and private sources, raising a total of€120M by 1 June 2024.
By 2013, the company, had gathered investments worth approximatelyUS$10M.[citation needed] In 2013 they closed aUS$1.6M investment round,[12] including a seed contract with the Spanish Government through theCentre for the Development of Industrial Technology (CDTI).[citation needed]
In December 2015, PLD Space secured its first commercial contract as one of the partners in the Small Innovative Launcher for Europe (SMILE) program with the European Commission and theGerman Aerospace Center (DLR). The company contracted to test liquid propulsion engines for the DLR at its propulsion test facilities in the airport of Teruel.[13][14] In April 2016, PLD Space secured a furtherUS$1.56M from Spain'sTEPREL reusable launcher engine program.TEPREL (Acronym for Spanish Reusable Propulsion Technologies for Launchers) will help PLD Space to continue their liquid rocket engine program,[12][15]\ the first one in Spain dedicated to boost the small satellite industry in Europe. This project will help PLD Space to develop a35 kN rocket engine qualified for flight.[citation needed]
In October 2016, TheEuropean Space Agency (ESA) selected PLD Space as the prime contractor for the "Liquid Propulsion Stage Recovery" project (LPSR) as part of the agency'sFuture Launchers Preparatory Programme (FLPP). The goal of this project is to study a strategy to recover the first stage of a launcher, making it partially reusable, with a prospected funding ofUS$800,000.[16] In a second investment round, closed in January 2017, the company securedUS$7.1M,US$3.2M of that contributed byGMV. GMV also took the role to develop the complete avionics ofMiura 1 andMiura 5, including guidance, navigation and control (GNC), telemetry and onboard software for both launchers.[17] PLD Space received further€2M in January 2018 through the European Commissions Medium-sized Enterprises (SME) Instrument Phase 2, as part of the European Union's Horizon 2020 program for research and innovation, a grant to support to the development of a pair of launchers designed for small satellites.[18] In February 2018 PLD Space was one of the five companies chosen by ESA to perform a feasibility study proposing an economically viable, commercially self-sustaining microlauncher. For this, the company received a funding ofUS$368,000.[19][20] In September 2020, PLD Space secured€7M Series B funding from Arcano partners.[21][needs update]
Miura 1 is a single stage sub-orbital launch vehicle, the first designed in Europe that is intended to be recoverable from the outset.[6] It uses a TEPREL-B engine, also designed and produced by PLD Space.
Miura 5 is a 35.7 m long two-stage launch vehicle capable of placing up to1,080 kg of load inlow Earth orbit. It uses 5 TEPREL-C engines.
Miura Next is a family ofpartially reusable launch vehicles that is under development. The base version of Miura Next will consist of a single core first stage booster and an upper stage. The Heavy is a 3 core version of the same architecture, while the Super Heavy is a 5 core version. Each booster will use 5closed cycle oxidizer-rich engines that will useRP-1 andLOX as propellants and produce more than 1100 kN of thrust. The structures of Miura Next will be produced from an aluminium composite material. The 1 core version is planned to be operational by 2030 - while the Heavy version is planned to be operational 1-2 years later.[22]
Lince (Lynx in English) is the name of the project to develop a cargo and crewed capsule. It will have a mass of 5 tons, a diameter of 3.2 meters, and 8 cubic meters of volume. It will be able to carry up to four or five astronauts, or 3.4 tons of cargo to low Earth orbit.[23]
PLD Space has its headquarters and main factory inElche,Spain. In addition to this main office, it has other facilities:
PLD Space has reached an agreement with theInstituto Nacional de Técnica Aeroespacial for the use of the facilities of theEl Arenosillo Test Centre (CEDEA) for the launch of theMiura 1 vehicle and tests of theMiura 5.[citation needed]
The company has a concession of 15,765 square meters of space in the launch complex ELM, in theGuiana Space Centre, where a launch area and a preparation area are currently under construction. This includes an integration hangar, a clean room, a control center, and commercial and working offices.[25]
