PLD Space From Spain Chosen for European Institutional Space Launch Contracts

PLD Space, a Spain-based aerospace company, has been selected by the European Space Agency (ESA) and the European Commission (EC) to participate in the Flight Ticket Initiative. This initiative aims to form a consortium of private launch providers to meet the space access demands of European institutions. PLD Space is the only Spanish company in this select group, joining Arianespace (France), Isar Aerospace (Germany), Orbex Space (United Kingdom), and Rocket Factory Augsburg (Germany). The selection was announced at the European Space Conference in Brussels, marking a significant shift in the European space launch landscape.

Raul Verdu, Co-founder and Chief Business Development Officer of PLD Space, expressed his excitement about this milestone. He stated that this positions PLD Space as the only Spanish company in the global commercial launch industry, highlighting their unique standing following this selection.

The Flight Ticket Initiative, led by ESA and the EC, aims to establish a pool of private launch service providers to meet the growing space access requirements of European institutions, particularly for In-Orbit Demonstration and Validation (IOD/IOV) missions. These missions are crucial for demonstrating and validating new technologies in space.

PLD Space’s inclusion in this initiative allows them to compete for future ESA or EC launch contracts. The recognition of their capabilities, especially with their MIURA 5 launch vehicle, indicates their readiness to offer market-suitable launch services by the end of 2025.

© PLD Space

Ezequiel Sanchez, Executive President of PLD Space, emphasized the significance of this shift in the European space industry. He noted that initiatives like this should be given to goal-oriented and higher-efficiency companies, highlighting the need for the market to move towards demand orientation rather than supply favoritism.

The selection of PLD Space in the Flight Ticket Initiative reflects the company’s growth and the increasing recognition of private companies in the global space industry. It marks a new chapter for European space endeavors, where diverse and innovative players like PLD Space are set to play a pivotal role in shaping the future of space exploration and technology demonstration.