ESPI Fall 2021 add

HISPASAT and PLD Space Agree To Collaborate With Small Satellites And MIURA-5 Rocket

PLD Space CEO Raúl Torres and Antonio Abad,  Technical and Operations Director of HISPASAT. Image courtesy of PLD Space.

The Spanish companies HISPASAT and PLD Space announced that they signed an agreement on 3 March 2020 in Madrid with the intention of working together on defining the technical features and analysing compatibility to launch services on board the MIURA-5.

Signing this agreement means the companies are committed to working together to validate PLD Space as a launch services provider. PLD Space and HISPASAT will thus draft a formal framework that specifies the services and deliverables to validate MIURA-5 launches. HISPASAT has extensive work experience with large launchers on defining the technical conditions that satellites must meet to be put in orbit by a rocket, so it can provide valuable collaboration to PLD Space in order to establish the specifications (mass, volume, mechanical features, electromagnetic environment, etc.) that satellites must meet to be integrated and launched on board MIURA-5.

“For us it is immensely satisfying to be able to collaborate with a young and entrepreneurial Spanish company like PLD Space,” said Antonio Abad, technical and operations director of HISPASAT. “The appearance of young and daring companies full of great talent and ideas is excellent news for the Spanish space sector. I think that we must all support Raúl Torres and Raúl Verdú, the company’s co-founders, in developing this new launcher, which will open up new opportunities to access space and who we may be able to establish a business relationship with in the future.”

HISPASAT’s interest in working with PLD Space means a lot to us. They are a highly important operator with extensive experience and well established trajectory in the telecommunications satellite industry,” said Raúl Torres, CEO and co-founder of PLD Space.The small launchers market is new for them and small satellites are a new business opportunity. Without a doubt, this agreement with HISPASAT is a step forward in our company’s positioning and an opportunity for HISPASAT to explore a new market, in this highly competitive field.”

Check Also

#SpaceWatchGL Column: E2MC Update On Space-Financing Rounds in July 2021

SPAC mergers with space companies made a comeback, with Planet’s and Satellogic’s announced transactions raising almost US$900 million*. Purely private rounds added another US$366 million. Also noteworthy were two public listings in the sector: (1) Seraphim Space Investment Trust raising GBP178.4 million for acquiring stakes held by Seraphim Capital in 15 space companies;