Payload Aerospace S.L. (PLD Space) is a Spanish company developing two reusable launch vehicles called Miura 1 and Miura 5.
PLD Space was founded in 2011 by Raúl Torres and Raúl Verdú in Elche, Spain, and as of 2018 it employs 40 people. In August 2017, the company headquarters moved to new facilities in the Elche Industrial Park, where the assembly facilities for Miura 1 are located.

Since 2014, the company has operated an engine test stand located at the Airport in Teruel, where they performed the first test of its liquid fuel engine on July 1, 2015. It was the first time a liquid rocket engine was tested in Spain, and the first time a private company in Europe tested a liquid rocket engine in its own facilities. PLD Space plans to expand their test facilities to include a vertical test stand to qualify the complete Miura 1 suborbital rocket.

In early August 2018, PLD Space and the Teruel Airport Consortium signed the concession of a 13,337 m2 space at the airport for PLD Space to test launcher technology. The agreement is for 25 years, with the option of an additional 10-year extension. PLD Space will invest €1M in infrastructure for the construction of a new control room, offices, access paths, a rocket engine maintenance hangar, and a new test bench to test the complete Miura 1 rocket.