WASHINGTON — Spanish rocket startup PLD Space said Jan. 9 that it has raised the money it needs to continue development of its Arion 1 reusable suborbital launch vehicle thanks to a $7.1 million investment round lead by satellite ground systems provider GMV of Madrid, Spain.

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Caleb Henry is a former SpaceNews staff writer covering satellites, telecom and launch. He previously worked for Via Satellite and NewSpace Global.He earned a bachelor’s degree in political science along with a minor in astronomy from Grove City College.