{"id":50963,"date":"2024-07-13T01:04:23","date_gmt":"2024-07-12T17:04:23","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/spanish-banks-finance-pld-spaces-miura-5-launcher-2\/"},"modified":"2024-07-13T01:04:23","modified_gmt":"2024-07-12T17:04:23","slug":"spanish-banks-finance-pld-spaces-miura-5-launcher-2","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/spanish-banks-finance-pld-spaces-miura-5-launcher-2\/","title":{"rendered":"Spanish Banks Finance PLD Space\u2019s Miura 5 Launcher"},"content":{"rendered":"<\/p>\n<p>A group of Spanish banks have backed <b>PLD Space<\/b> with a 31.2 million euro ($34 million) loan to fund the company\u2019s Miura 5 space launch program. <b>Banco Santander<\/b> and <b>EBN Banco<\/b> are co-lead banks for the syndicated loan, which includes participation from the <b>Instituto de Cr\u00e9dito Oficial<\/b> (ICO).&nbsp;<\/p>\n<p>This financing is earmarked for the Miura 5 smallsat launch vehicle, including developing technology, expanding the company\u2019s industrial capabilities, and building associated infrastructure. PLD Space is working to conduct the first Miura 5 launch by the end of 2025 from Europe\u2019s spaceport in French Guiana.&nbsp;<\/p>\n<p>PLD Space noted this loan is a significant milestone in Europe as bank financing for startup space companies is rare. The financing is part of Spain\u2019s PERTE Aerospace plan to mobilize investment in the nation\u2019s aerospace industry.&nbsp;<\/p>\n<p>PLD Executive President Ezequiel Sanchez said: \u201cSecuring the support of major banks like Banco Santander, EBN Banco and ICO, along with insurance from Cesce, is a significant achievement for us. This rare operation in the space launcher sector enables us to advance our plans while safeguarding our shareholders\u2019 investment.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A group of Spanish banks have backed PLD Space with a 31.2 million euro ($34 million) loan to fund the company\u2019s Miura 5 space launch program. Banco Santander and EBN Banco are co-lead banks for the syndicated loan, which includes participation from the Instituto de Cr\u00e9dito Oficial (ICO).&nbsp; This financing is earmarked for the Miura [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":50965,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-50963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/50963"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=50963"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/50963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/50965"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=50963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=50963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=50963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}