“We are much closer to developing a space rocket that allows Spain to have its own scientific and commercial launching capacity to the space”, stand out from the company.
The European Commission has shown its support for the reusable liquid fuel launchers project of the Spanish PLD Space by awarding it close to 2 million euros in financing.
This was announced by the company itself of the Scientific Park of the Miguel Hernández University (UMH) of Elche, which explains that this financial support is part of the phase 2 of the Commission’s SME Instrument call.
These 2 million euros will allow PLD Space to continue with the development of the ARION 1 launcher to launch suborbital payloads aimed at scientific research and technological development in microgravity. It is the highest public contribution that PLD Space has received in its history and also the greatest public support that an SME receives at European level, according to its leaders, who trust in strengthening their business model and the market’s own commercial opportunities. suborbital in Europe.
“In addition”, they say, “ARION 1 will make possible the validation of 70% of the technologies that will later fly in the orbital rocket of the company ARION 2, which will place small satellites around the Earth”.
“We are much closer to developing a space rocket that allows Spain to have its own scientific and commercial launching capacity to space,” says the CEO and co-founder of PLD Space, Raul Torres. “This is an opportunity that only ten countries have in the world today.”
The co-founder and CBO of the company, Raúl Verdú, emphasizes that this helps “position ourselves in the space industry and increase investor confidence. If all goes well, “he adds, ” the company will close a round of private investment of eight million euros this year . “
Between public and private investments, PLD Space has managed to gather close to 9 million euros to date.