Miura 1 is designed as a sounding rocket for sub-orbital flights to perform research or technology development in microgravity environment and/or in the upper atmosphere.

[8] The agreement is not limited to using the INTA facilities for launching but rather establishing a lasting relationship that will allow them to develop scientific, aerospace and technical knowledge.

In July 2019, PLD Space reached an agreement with CNES to study the launch of Miura 5 from CSG, French Guiana.

[citation needed] The company has been funded through a series of investment rounds from both institutional and private sources, raising a total of 120 million euros by June 2024.

[citation needed] In 2013 they closed a $1.6 million investment round,[12] including a seed contract with the Spanish Government through the Centre for the Development of Industrial Technology (CDTI).

[citation needed] In December 2015, PLD Space secured its first commercial contract as one of the partners in the Small Innovative Launcher for Europe (SMILE) program with the European Commission and the German Aerospace Center (DLR).

TEPREL (Acronym for Spanish Reusable Propulsion Technologies for Launchers) will help PLD Space to continue their liquid rocket engine program,[12][15]\ the first one in Spain dedicated to boost the small satellite industry in Europe.

The goal of this project is to study a strategy to recover the first stage of a launcher, making it partially reusable, with a prospected funding of $800,000.

[18] In February 2018 PLD Space was one of the five companies chosen by ESA to perform a feasibility study proposing an economically viable, commercially self-sustaining microlauncher.

[21][needs update] Miura 1 is a single stage sub-orbital launch vehicle, the first designed in Europe that is intended to be recoverable from the outset.

Miura 5 is a 25 m long two-stage launch vehicle capable of placing up to 300 kg of load in a 500 km heliosynchronous orbit.