2024 Update on PLD Space
This is our March 2024 update. For where PLD Space stands in October 2026, read our 2026 Update on PLD
This is our March 2024 update. For where PLD Space stands in October 2026, read our 2026 Update on PLD
PLD Space (Payload Aerospace, S.A.) has not reached orbit as of October 2026. Its accounts moved the first launch year from 2019 to 2026 without writing down EUR 89 million of development, while 2025 sales were EUR 0.65 million.
Rocket Factory Augsburg builds RFA One. As of October 2026 it has not flown; ESA Launcher Challenge EUR 186.9 million; OHB reports 56.8% with a 65.1% At-Equity voting-rights note; filed average employees 249 in 2024.
Isar Aerospace is a German rocket company building Spectrum, a two-stage rocket designed to carry about 1,000 kilograms to low Earth orbit. Spectrum reached orbit on its second flight on 5 September 2026, and Isar raised a EUR 270 million Series D in June 2026.
Latitude (formerly Venture Orbital Systems) is a French NewSpace company developing a LOX/RP-1 microlauncher (formerly Zephyr). As of October 2026 it has not flown; Series B raised EUR 27 million; an Etlaq Oman LoI targets an experimental late-2027 inaugural that we treat as optimistic. In-depth analysis on moontomars.space.
Orbex (Orbital Express Launch Ltd): UK microlauncher Prime, 180 kg LEO. In administration since 18 February 2026 after GBP 138.5m raised (GBP 76.7m public). Zero launches. Omnidea bought the Forres assets.
Skyrora is a Scottish new space company developing the Skyrora XL, a three-stage rocket for up to 315 kg to orbit. Our 2026 analysis covers its owners, accounts, public money and launch plans.
HyImpulse Technologies builds hybrid paraffin/LOX rockets. SR75-1 flew from Koonibba on 3 May 2024; a UK CAA licence covers SaxaVord for spring 2027. Series A and a Series A Extension above EUR 50 million equity arrived in 2025–26. SL1 targets 600 kg to LEO; HyMOVE is a separate OTV.