Saudi JournalSaudi Journal
  • Home
  • Saudi Arabia
  • Business
  • Life
  • Technology
  • English
  • العربية
  • Submit A Press Release
Uncategorized

Saudi insurtech Najeeb.ai closes pre-seed round

…

Business

Saudi Arabia’s BRKZ lands $30 million debt from Stride Ventures

…

METSAKUUR Inc. Accelerates Global Expansion at GITEX Global 2025

Faraday Future Announces Strategic Cooperation with RAK Motors to Oversee FX Super One Sales and Services in the UAE, Building a Complete Production-to-Service Ecosystem In the UAE

Facebook Twitter Instagram Pinterest
Latest posts:
  • Saudi insurtech Najeeb.ai closes pre-seed round
  • Saudi Arabia’s BRKZ lands $30 million debt from Stride Ventures
  • METSAKUUR Inc. Accelerates Global Expansion at GITEX Global 2025
  • Faraday Future Announces Strategic Cooperation with RAK Motors to Oversee FX Super One Sales and Services in the UAE, Building a Complete Production-to-Service Ecosystem In the UAE
  • TabSense attracts $5 million backing from Jasoor Ventures
  • Foodics signs $10mln deal with AWS to fast-track its AI-powered product innovation
  • Khidmah and K2 forge strategic partnership to pioneer AI and robotics in facilities management
  • AriyaX launches AXPT: A regulated aviation-backed token for real-world yield
Facebook Twitter Instagram Pinterest
Saudi JournalSaudi Journal
  • Home

    Saudi insurtech Najeeb.ai closes pre-seed round

    Saudi Arabia’s BRKZ lands $30 million debt from Stride Ventures

    METSAKUUR Inc. Accelerates Global Expansion at GITEX Global 2025

    Faraday Future Announces Strategic Cooperation with RAK Motors to Oversee FX Super One Sales and Services in the UAE, Building a Complete Production-to-Service Ecosystem In the UAE

    TabSense attracts $5 million backing from Jasoor Ventures

  • Saudi Arabia
  • Business
  • Life
  • Technology
  • English
  • العربية
  • Submit A Press Release
Saudi JournalSaudi Journal
Home » PLD Space preselected by ESA for the European Launcher Challenge
Business

PLD Space preselected by ESA for the European Launcher Challenge

Facebook Twitter Pinterest LinkedIn WhatsApp
Share
Facebook Twitter LinkedIn Pinterest WhatsApp

Elche (Spain). PLD Space, an international space services company with vertical integrated engineering and manufacturing, has been preselected by the European Space Agency (ESA) to participate in the European Launcher Challenge (ELC), the largest European program aimed at fostering new sovereign launch capabilities on the continent.

ESA officially launched the ELC this year as a strategic initiative that will award up to €169 million per company in its final phase. The program is structured in two components: contracts for launch services of ESA institutional missions between 2026 and 2030, and a development track requiring a demonstration of enhanced launch capacity by 2028. The final selection of companies will be announced at ESA’s Ministerial Conference to be held in Bremen this November.

A proposal fully aligned with PLD Space’s technological roadmap

PLD Space formally submitted its proposal to the European Launcher Challenge with a plan that perfectly aligns with its technological roadmap through 2030, which the company publicly presented on October 7, 2024 during its Beyond event—prior to ESA’s announcement of the challenge. In this context, PLD Space has positioned the MIURA 5 as the first operational element of the program, and its future large reusable launcher, MIURA Next, as the second pillar to address Europe’s institutional needs and ensure competitive, sustainable access to space.

An industrial driving force for Europe and for Spain           

The MIURA program is a clear industrial driving force. Through ESA’s preselection for the ELC, PLD Space represents a unique opportunity for Spain to have a national prime leading the launcher industry, with a value chain made up of 397 partners, largely anchored in Spain and across Europe.

Moreover, the ELC exemplifies a new model of public-private collaboration in Europe, similar to what is already underway in Spain with the Aerospace PERTE program, under which the government—through CDTI—has awarded PLD Space €42 million to develop the country’s first national launcher.

“The European Launcher Challenge marks a milestone for Europe’s space industry, but it is also a unique national opportunity to have a Spanish prime leading launcher development. Our project directly impacts the entire value chain, mobilizes cutting-edge technology, and places Spain at the center of Europe’s future access to space,” said Ezequiel Sánchez, Executive President of PLD Space.

About PLD Space

PLD Space is an international space services company with its own engineering and manufacturing. It is dedicated to transporting satellites and people to space, vertically integrating the engineering, testing, manufacturing, and operations of its reusable and sustainable rockets. Headquartered in Elche (Spain) and founded in 2011 by Raúl Torres and Raúl Verdú, PLD Space has established itself as a benchmark in the space launcher sector globally. Its MIURA family of launchers and its LINCE manned capsule position the company as a leader in European technological sovereignty in space transport, covering the entire range of space missions. 

With a team of more than 300 employees and more than 12,500 m² dedicated to advanced manufacturing, PLD Space manages facilities in Teruel, Kourou (French Guiana) and Duqm (Oman), allowing it to offer complete satellite launch services and other payloads to space. 

Share. Facebook Twitter Pinterest LinkedIn WhatsApp

Related Posts

Uncategorized

Saudi insurtech Najeeb.ai closes pre-seed round

Business

Saudi Arabia’s BRKZ lands $30 million debt from Stride Ventures

Uncategorized

METSAKUUR Inc. Accelerates Global Expansion at GITEX Global 2025

Business

Faraday Future Announces Strategic Cooperation with RAK Motors to Oversee FX Super One Sales and Services in the UAE, Building a Complete Production-to-Service Ecosystem In the UAE

Business

TabSense attracts $5 million backing from Jasoor Ventures

Business

Foodics signs $10mln deal with AWS to fast-track its AI-powered product innovation

Business

Khidmah and K2 forge strategic partnership to pioneer AI and robotics in facilities management

Uncategorized

AriyaX launches AXPT: A regulated aviation-backed token for real-world yield

Stay In Touch
  • Facebook
  • Twitter
Uncategorized

Saudi insurtech Najeeb.ai closes pre-seed round

Saudi-based Najeeb.ai, a platform specialising in integrating artificial intelligence with insurance technology, has announced the…

Saudi Arabia’s BRKZ lands $30 million debt from Stride Ventures

METSAKUUR Inc. Accelerates Global Expansion at GITEX Global 2025

Faraday Future Announces Strategic Cooperation with RAK Motors to Oversee FX Super One Sales and Services in the UAE, Building a Complete Production-to-Service Ecosystem In the UAE

TabSense attracts $5 million backing from Jasoor Ventures

Saudi insurtech Najeeb.ai closes pre-seed round

Saudi Arabia’s BRKZ lands $30 million debt from Stride Ventures

METSAKUUR Inc. Accelerates Global Expansion at GITEX Global 2025

Faraday Future Announces Strategic Cooperation with RAK Motors to Oversee FX Super One Sales and Services in the UAE, Building a Complete Production-to-Service Ecosystem In the UAE

TabSense attracts $5 million backing from Jasoor Ventures

Stay informed with Saudi Journal, your trusted source for comprehensive coverage of news, events, and insights from Saudi Arabia and beyond. Explore diverse perspectives, stay updated, and engage with the latest stories shaping our world. Experience news like never before with Saudi Journal.

Facebook Twitter
Categories
  • Business (480)
  • Life (126)
  • Saudi Arabia (97)
  • Technology (77)
  • Uncategorized (7)
  • World (57)
    • Africa (11)
    • Asia (25)
    • Europe (6)
    • US (3)
Our Picks
Business

Dammam Independent Sewage Treatment Plant launches to advance Saudi Vision 2030 Water Strategy

Africa

Kenzz App honors top-performing sellers in First-Ever Vendors Awards Ceremony

Business

SBC Summit Malta: Payments Innovation Track to Tackle Fraud, Crypto, Open Banking & More

© 2025 Saudi Journal.
  • Home
  • Saudi Arabia
  • Business
  • Technology
  • Life
  • English
  • العربية

Type above and press Enter to search. Press Esc to cancel.