PLD Space has secured an €11mn loan to help fund the development of a liftoff site for its partially reusable Miura 5 rocket, which is set to become Europe’s first privately developed satellite launcher — unless one of its competitors gets there first. The loan will help the Spanish startup construct the launch facility, located at Europe’s primary spaceport in French Guiana and estimated to cost around €16mn overall. PLD Space launched its first, smaller rocket, Miura 1, from Spain last year. However, for a bigger orbital launcher like Miura 5, the company needs a facility with specific capabilities. These…
This story continues at The Next Web