PLD Space has secured an €11mn loan to develop a liftoff site for its partially reusable Miura 5 rocket, aiming to be Europe's first privately developed satellite launcher.
The loan enables PLD Space to construct a facility at French Guiana, essential for launching Miura 5, which requires a specific infrastructure for orbital trajectories.
Founded by university classmates, PLD Space aims to mirror SpaceX's success in Europe, with plans for Miura 5's maiden flight slated for late 2025.
As competition in Europe's space race intensifies, PLD Space's efforts are pivotal in reducing reliance on foreign space access, particularly from US companies like SpaceX.
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