Spain's PLD Space raises $209 million in latest funding round [Yahoo! Finance]
MITSUBISHI ELEC UNSP/ADR (MIELY)
NASDAQ:AMEX Investor Relations:
mitsubishielectric.com/company/ir/index.html
Company Research
Source: Yahoo! Finance
round, which included ?Mitsubishi Electric, as it seeks to boost its capacity to launch rockets ?into space. It comes as U.S. President Donald Trump's "America First" policies and the war in Ukraine have prompted Europe to ramp up its independent capabilities in a variety of areas, including ?defence and space ?operations. The Spanish company said the series C round - a mechanism often used by startups to ?expand into new markets, develop products or prepare for a stock market listing - supported its transition to commercial operations and the ?expansion of ?its industrial and launch capabilities. It ?added it had raised ?over 350 million euros to date. PLD Space, which in 2023 launched Europe's first fully private rocket, said it would provide Mitsubishi Electric with small satellite launch services using its Miura-5 rocket for Japan and across Asia. The Miura-5 - named after ?a famous Spanish bull breed ?used in bullfights - was on track ?for its first test ?flight in 2026
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