By Eva Mañez and Emma Pinedo
ELCHE, Spain (Reuters) – Spanish start-up PLD Space, which carried out Europe’s first fully private rocket launch last year, aims to one day be able to carry any type of cargo and ultimately humans into space, rivalling big players such as Elon Musk’s SpaceX.
Plans by companies around the world to deploy thousands of internet-beaming satellites in the next few years have spawned a wave of new rocket companies targeting what some analysts expect will be a trillion-dollar space market by 2030.
Executive President Ezequiel Sanchez told Reuters on the sidelines of a company event called “Beyond”, that the launch of small orbital satellites with a new rocket after 2026 would mark the start of PLD’s commercial activities, before it created a family of heavier launchers in the next decade.
“Our goal is to launch any type of cargo that the market may require…that includes the possibility of transportation of humans,” Sanchez said.
After the successful suborbital flight of its Miura-1 rocket, named after a breed of bulls used in bullfighting, PLD is now working on its Miura-5 full orbital launcher, which it will test in 2025 and 2026 with two launches from French Guiana.
“Within the flight configuration that we already have for Miura-5, we can develop tests aimed at the evolution of the technologies for the rest of the launchers,” Sanchez said.
Founded in 2011 and based in the eastern city of Elche, the heartland of Spain’s footwear industry, PLD aims to sign binding contracts for the Miura-5 launches after receiving interest from clients for deals worth about 600 million euros ($657.96 million).
It also hopes to raise new funding in coming months, on top of the 155 million euros in public and private money attracted so far, including 40 million euros from European Union pandemic recovery funds.
With 70 employees set to be added to the company’s 250 headcount by year-end, PLD recently unveiled a 12,000-square meter facility for Miura-5 development, with plans for a six-fold expansion of its industrial capacity in the next four years.
“We want to be competing globally with the most important players out there,” Sanchez added.
($1 = 0.9119 euros)
(Additional reporting and Writing by Emma Pinedo in Madrid, editing by Andrei Khalip, Kirsten Donovan)
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