With $128M in funding, Spanish startup PLD is 5th European launcher startup to clear financial-credibility hurdle

LAMPOLDSHAUSEN, Germany — Spanish small-satellite launch startup PLD Space said a recent funding round has brought total funding to 120 million euros ($128 million), becoming the fifth European small-launcher to have surpassed $100 million in resources or otherwise demonstrated near-term financial credibility.

The others are Orbex Space of Britain, Rocket Factory Augsburg (RFA) and Isar Aerospace of Germany; and MaiaSpace of France, 100% owned by ArianeGroup. Orbex and Isar have each raised more than $100 million. RFA has

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