PLD Space develops space technologies to provide suborbital and orbital commercial launch services to payloads and nanosatellites. Founded by Raúl Torres and Raúl Verdú in 2011, PLD Space is backed by investors that include Horizon 2020, JME Ventures, Caixa Capital Risc, Centre for the Development of Industrial Technology (CDTI), and ENISA and is headquartered in Elche.