MILAN – PLD Space signed a 30 million euro ($35 million) venture debt loan with the European Investment Bank (EIB) on April 7, a move to support the final development stage of MIURA 5, PLD's lightweight rocket.
Miura 5, which is designed to deploy roughly 540 kilograms to 1 ton of payload to low Earth orbit, is planned to test fly for the first time in 2026.
"Europe needs strong, independent launch capabilities to secure its autonomous access to space," Robert de Groot, EIB's vice president, said in a release. "The EIB is proud to support PLD Space in scaling its launch services to reach globally competitive price levels," he added.
