# PLD Space said it would provide Mitsubishi Electric with small satellite launch services using its Miura-5 rocket.

*aerospace · news · 2026-03-04 · Reuters*

## Key points

- PLD Space raised over 350 million euros to expand its commercial launch capabilities.
- Mitsubishi Electric will use PLD Space's Miura-5 rocket for small satellite launches in Asia.
- Miura-5's first test flight is scheduled for 2026, targeting over 30 launches per year by 2030.
- Spain's CDTI and COFIDES participated in PLD Space's latest series C funding round.

**Companies:** Mitsubishi Electric, PLD Space
**Countries:** Spain, Japan

[Read the full story on Reuters](https://www.reuters.com/business/aerospace-defense/spains-pld-space-raises-209-million-latest-funding-round-2026-03-04/)

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