Spain’s PLD Space raises additional €108 million in Series C extension

Spanish space company PLD Space has successfully completed an extension of its Series C funding round, securing an additional €108 million. This investment brings the total raised to date for the company to approximately €238 million. The funds will primarily be utilized to accelerate the development and launch readiness of PLD Space's Alba orbital platform. Specifically, the capital injection supports ongoing work related to the Alba Pro mission, designed to provide services in low Earth orbit. PLD Space intends to leverage this expanded financial backing to bolster its engineering teams and refine key technologies.