PLD Space. Payload Aerospace S.L. (PLD Space) is a Spanish company developing two partially-reusable launch vehicles called Miura 1 and Miura 5.

Miura 1 is designed as a sounding rocket for sub-orbital flights to perform research or technology development in microgravity environment and/or in the upper atmosphere. Furthermore, Miura 1 is also serving as the technological demonstrator of the orbital launcher Miura 5.  Miura 5 will provide orbital launch capabilities for small payloads such as CubeSats, 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  into low Earth orbit.

Recovery of the first stage would be by the use of parachutes and splashdown for re-use.

History 
PLD Space was founded in 2011 by Raúl Torres, Raúl Verdú and José E. Martínez in Elche, 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.

Since 2014, the company has operated an engine test stand located at the Airport in Teruel, where they performed the first test of its liquid fuel engine on July 1, 2015. 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.

In early August 2018, PLD Space and the Teruel Airport Consortium signed the concession of a 13,337 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 euro €1M 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.

In November 2018 PLD Reached an agreement with INTA () to launch Miura 1 from El Arenosillo. 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 with CNES to study the launch of Miura 5 from CSG, French Guiana. As part of their agreement, INTA is also helping them procure a launch site, being El Hierro Launch Centre the best option from a technical point of view.

As of March 2023, the company planned to launch their first Miura 1 vehicle in the second quarter of 2023 from El Arenosillo Test Centre. The launch successfully occurred on 7 October 2023 at 0:19 UTC.

Funding 

The company has been funded through a series of investment rounds from both institutional and private sources, raising a total of 120 million euros by June 2024.

By 2013, the company, had gathered investments worth approximately $10 million. In 2013 they closed a $1.6 million investment round, including a seed contract with the Spanish Government through the Centre for the Development of Industrial Technology (CDTI).

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 the German Aerospace Center (DLR). The company contracted to test liquid propulsion engines for the DLR at its propulsion test facilities in the airport of Teruel. In April 2016, PLD Space secured a further $1.56 million from Spain's TEPREL reusable launcher engine program. TEPREL (Acronym for Spanish Reusable Propulsion Technologies for Launchers) will help PLD Space to continue their liquid rocket engine program,\ the first one in Spain dedicated to boost the small satellite industry in Europe. This project will help PLD Space to develop a 35 kN rocket engine qualified for flight.

In October 2016, The European Space Agency (ESA) selected PLD Space as the prime contractor for the "Liquid Propulsion Stage Recovery" project (LPSR) as part of the agency's Future 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 of $800,000. In a second investment round, closed in January 2017, the company secured $7.1 million, $3.2 million of that contributed by GMV. GMV also took the role to develop the complete avionics of Miura 1 and Miura 5, including guidance, navigation and control (GNC), telemetry and onboard software for both launchers. PLD Space received further $2.34 million 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. 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 of $368,000. In September 2020, PLD Space secured €7 million Series B funding from Arcano partners.

Vehicles

Miura 1 

Miura 1 is a single stage sub-orbital launch vehicle, the first designed in Europe that is intended to be recoverable from the outset. It uses a  TEPREL-B engine, also designed and produced by PLD Space.

Miura 5 

Miura 5 is a 25 m long two-stage launch vehicle capable of placing up to 300 kg of load in a 500 km heliosynchronous orbit. It uses 5  TEPREL-C engines.

Miura Next 

Miura Next is a family of partially 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 5 closed cycle oxidizer-rich engines that will use RP-1 and LOX 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.

Lince
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.

Facilities 
PLD Space has its headquarters and main factory in Elche, Spain. In addition to this main office, it has other facilities:

PLD Space Propulsion Test Facilities

El Arenosillo Test Centre 
PLD Space has reached an agreement with the Instituto Nacional de Técnica Aeroespacial for the use of the facilities of the El Arenosillo Test Centre (CEDEA) for the launch of the Miura 1 vehicle and tests of the Miura 5.

Guiana Space Centre 
The company has a concession of 15,765 square meters of space in the launch complex ELM, in the Guiana 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.

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Commercial launch service providers
Private spaceflight companies
Rocket engine manufacturers of Spain
Spacecraft manufacturers
2011 establishments in Spain
Companies based in the Valencian Community
Spanish brands
Aerospace companies of Europe
Aerospace companies of Spain