Spain’s GMV takes a stake in PLD Space’s reusable rocket quest

by Caleb HenryJanuary 9, 2017January 23, 2023

Spanish rocket startup PLD Space said in January that it has raised the money it needs to continue development of its Arion 1 reusable suborbital launch vehicle.

Spanish rocket startup PLD Space said Jan. 9 that it has raised the money it needs to continue development of its Arion 1 reusable suborbital launch vehicle thanks to a $7.1 million investment round lead by satellite ground systems provider GMV of Madrid, Spain.

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Caleb Henry

Caleb Henry is a former SpaceNews staff writer. More by Caleb Henry