PLD Space is a pioneering Spanish startup specializing in the development of launch technologies for small payloads and small satellites. The company operates in the commercial space industry, providing both orbital and suborbital access services. This means they help launch small satellites into space, either into orbit around the Earth or on suborbital flights that reach space but do not complete an orbit.

The primary clients of PLD Space are businesses, research institutions, and government agencies that need to send small satellites into space. These clients are part of the rapidly growing small satellite market, which includes applications like Earth observation, telecommunications, and scientific research.

PLD Space's business model revolves around developing and launching rockets that can carry these small satellites. They have developed two main rocket models: MIURA 1 and MIURA 5. MIURA 1 is designed for suborbital flights, which are useful for scientific experiments and technology testing. MIURA 5, on the other hand, is designed for orbital flights, meaning it can place satellites into orbit around the Earth.

The company makes money by charging clients for these launch services. They also receive funding through investment rounds and contracts. For example, they recently closed a Series B investment round, raising 28 million euros, and secured a contract from the European Space Agency (ESA) to study the reuse of the MIURA 5 booster. This contract highlights their innovative approach to making space launches more cost-effective by reusing parts of their rockets.

In summary, PLD Space is at the forefront of the European space industry, providing essential launch services for the small satellite market. Their innovative technologies and strategic partnerships position them as a key player in the commercial space sector.

Keywords: small satellites, launch services, MIURA 1, MIURA 5, orbital access, suborbital access, space industry, ESA contract, Series B investment, reusable rockets.