PLD Space raises its Kourou launch-complex investment to €35m


The Spanish launch firm says it is the first private operator to commit capital at this scale to the historic Guiana spaceport, with a first MIURA 5 flight still slated for 2026.


PLD Space is putting €35m into the launch complex it is building at the Guiana Space Centre in Kourou, the Spanish company announced on Monday at the Choose France event in Versailles.

The figure covers development and deployment of the site over the 2025 to 2026 period, and the company says it makes PLD Space the first private operator to commit capital expenditure at this scale to the ELM-Diamant site at Europe’s historic spaceport.

Most of the money stays in France. Of the €35m total, €22m is being spent within the French industrial ecosystem, with €13m allocated directly to more than 20 companies based in French Guiana, including, the company says, a significant number of small and medium-sized firms.

Applying official INSEE multipliers for the territory’s space sector, PLD Space expects the investment to generate roughly €21m in local value added and to sustain between 250 and 275 indirect and induced jobs during the construction phase, alongside a projected 35 direct jobs tied to future recurring launch operations.

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The complex is for MIURA 5, PLD Space’s orbital launcher. Civil works are now in their final phase, with completion expected by summer 2026, according to the company.

Launch infrastructure built in parallel in Spain is being completed and is starting to be shipped to Kourou, where the operational complex is being developed for the MIURA 5 vehicle in collaboration with the French space agency CNES. PLD Space says it remains on track for a first MIURA 5 launch from the Guiana Space Centre in 2026.

The framing throughout is sovereignty. PLD Space casts the Kourou build-out as a way to let European institutional and commercial payloads launch from European soil aboard a European launcher, language that echoes the priorities of France and the European Space Agency to widen the industrial base of a spaceport long dominated by established players.

“This investment represents a major milestone for PLD Space and for Europe’s emerging commercial launch ecosystem,” said Ezequiel Sánchez, the company’s executive president.

Developing its own infrastructure at the Guiana Space Centre, he said, strengthens Europe’s autonomous access to space while contributing to the industrial diversification of the site, and reflects “our long-term commitment to building scalable, competitive and sovereign launch capabilities from Europe.”

Founded in Elche in 2011 by Raúl Torres and Raúl Verdú, PLD Space now employs more than 450 people and operates across facilities in Elche, Teruel, Kourou and Duqm in Oman. Its product line runs from the MIURA family of launchers to the LINCE crewed capsule, and it operates more than 188,000 square metres of facilities across those four sites.

PLD Space describes itself as a vertically integrated launch firm, handling the engineering, testing, manufacturing and operations of its reusable rockets in-house, and frames the MIURA launchers and LINCE capsule as positioning it as a benchmark for European technological sovereignty in space transport. The company did not break down the timing of the €35m beyond the 2025 to 2026 window, nor specify the share of the spend already committed.



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Recent Reviews


I am a recent convert to physical media — yet even as someone getting back into buying discs in 2026, I haven’t been buying Blu-rays. Like many Americans, I still pick up DVDs instead. These aren’t great times for the Blu-ray format, and don’t expect a turnaround in 2026.

Fewer new releases make their way to Blu-ray

More media is now released exclusively for streaming

Blu-ray has been around for two decades, but it never managed to fully replace, or even overtake, the DVD format it was designed to supersede. We still can’t take for granted that our favorite movies, let alone TV shows, will eventually see a Blu-ray release.

The movies most likely to come to Blu-ray are the ones that hit theaters, but a growing amount of cinema is designed exclusively with streaming platforms in mind. I recently rewatched Mississippi Masala, which led me to check in on what work Sarita Choudhury has done over the decades since. A film called Evil Eye released in 2020 caught my eye. Unfortunately, it’s only available via Prime Video. There’s no Blu-ray or even a DVD. In contrast, it’s easy to watch Michael B. Jordan in Sinners on Blu-ray, since that movie came to theaters last year.

You could say that it makes sense that a movie with a 4.8/10 rating on IMDb doesn’t see a physical release, but in the heyday of physical video, store shelves were stacked not only with just the big-budget bangers but plenty of straight-to-DVD movies as well. Now those films exist to pad out streaming catalogs instead.

Fewer big box stores stock their shelves with physical discs

Blu-ray discs have disappeared from some stores entirely

Best Buy store front
Best Buy

The format’s demise is striking. I frequent my local Best Buy quite often and don’t see any movies on display. That’s because the retailer stopped selling movies in stores several years ago. Walmart still sells them, but the selection is a fraction of what you could find ten or twenty years ago. The audience has been reduced down to the shrinking number of people whose internet at home can’t handle streaming and those who might think of themselves as collectors.

If you venture onto Reddit and visit r/Blu-ray, you will find more threads about thrift store hauls and older collections than excitement over the latest new release. Don’t get me wrong — I, too, am very excited about seeing what gems I can snag for only a couple bucks, but this shows the challenge retailers face. Increasingly, only enthusiasts are prepared to drop over $20 on a disc.

I’m not buying discs to stick them in a player

Phone on a stand playing a Netflix video Credit: Bertel King / How-To Geek

The simple truth is that most people don’t want to buy physical media. Discs don’t fit in phones, and the drives are no longer available in most laptops. Even desktop PCs lack a place to put a disk. I recently built a PC for the first time in part to digitize my media library, and I rely on an external DVD drive connected via USB. Yes, DVD, not Blu-ray. A smaller file size combined with upscaling is easier on my hard drive.

Retro nostalgia hasn’t helped Blu-ray in the same way it has aided vinyl. This is in part because most people simply don’t care all that much about video quality. Most are streaming video on Netflix and YouTube at middling settings on small screens, and many of us are acclimated to mid-range phone speakers, compared to which even the subpar built-in speakers on modern TVs sound like a huge step-up. It’s hard to convince large numbers of people to purchase an expensive version of a movie in a format that requires thousands of dollars of home media equipment to truly appreciate.

4K Ultra HD is in an even worse position

It’s been a decade, yet few people own these discs

The 4K Ultra HD Blu-ray format is an enhancement, rather than a replacement, of the Blu-ray discs that first appeared in 2006. Debuting in 2016, the 4K Ultra HD format supports the max resolution of a 4K TV.

4K TVs were still somewhat of a novelty ten years ago, but they’re cheap and commonplace today. Still, people aren’t demanding 4K-quality Blu-ray movies as a result. These discs are still less common than 1080p ones, which are themselves still outnumbered by DVDs.

This isn’t merely a matter of consumers preferring the cheaper option. Often, 4K simply isn’t a choice, or it’s one that arrives significantly later, like the Switch port of a PC title. Some recent films, like Exit 8, are slated to see a physical release over the summer yet will still be in 1080p when they do. Adoption of the newest format has been that slow.

The industry isn’t helping itself, either. 4K Ultra HD Blu-ray discs come with DRM and aren’t easy to play on a modern PC, further limiting potential growth. They do not want anyone pirating these super high-quality versions. When you consider that some of these 4K Blu-rays have an AI upscaling problem, you’re paying more for what may not even be the best version.​​​​​​​


Blu-ray is seeing fewer releases, is available in fewer places, and is less accessible in the ways many of us want to watch TV shows and movies in 2026. With our portable devices getting better and internet speeds getting faster, it’s hard to see physical video staging a turnaround, even if we’re still a long way off from it going away entirely.



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