Repsol Drives the Space Dream with the Miura 5 RocketRepsol SABME_DLY:REPActivTradesBy Ion Jauregui – Analyst at ActivTrades Spain is once again playing a leading role in space exploration thanks to the collaboration between the Alicante-based company PLD Space and Repsol, which will provide 100% renewable fuel for the launch of the Miura 5 rocket, scheduled for the end of 2025. Following the success of the Miura 1, PLD Space is advancing toward a reusable orbital model, a key step to reduce costs and minimize environmental impact. The bio-kerosene supplied by Repsol, made from used cooking oils and organic waste, will power the rocket, while future plans include the use of renewable hydrogen and captured CO₂ in its production. Headquartered in Elche, PLD Space positions itself as a “satellite transporter.” Founded in 2015 by engineers Raúl Torres and Raúl Verdú, the company has become a European benchmark for small satellite launches. With the support of the European Space Agency, it is developing pioneering solutions to recover rockets using parachutes and maritime cranes, preventing them from becoming space debris. These advances reinforce the close connection between energy and space exploration. Just like the International Space Station, which operates thanks to solar panels 400 km above Earth, the Miura 5 aims to take a further step: demonstrating that the energy transition can also reach space. Impact of this investment on Repsol Repsol is not only diversifying its business into aerospace innovation but also strengthening its energy transition strategy. In 2024, the company reported an adjusted net profit of €4.182 billion, supported by strong cash generation that allowed it to reduce debt and increase dividends. Its investment in renewables reached €2.3 billion, with key projects in Spain, the U.S., and Italy. The partnership with PLD Space strengthens Repsol’s position in sustainable fuels, a market with growing regulatory support in Europe. This move not only enhances its brand as an innovative energy company but also opens doors to strategic contracts in high-value sectors such as aerospace. Technical analysis of Repsol (Ticker AT: REP.ES) On the markets, Repsol closed yesterday at €13.825, maintaining a consolidation process after recent months of recovery. The primary support is at €12.790, while immediate resistance is located at the summer highs of €14.110. On the daily chart, the stock maintains a medium-term bullish bias after bouncing from the August 14 lows (€12.790), with additional support at €12.455 and the Point of Control (POC) around €12.057. The golden cross recorded on June 19 remains in place, with clearly separated moving averages, fueling the bullish trend. The RSI at 62.81% indicates a gradual reduction in volatility, while the MACD remains positive, though the histogram suggests a possible correction. The ActivTrades Europe Market Pulse indicator sits in neutral territory, with a decline in the greed-risk volume (-2.5). If the stock breaks above €14.110 and surpasses the €14.50 barrier, it could open the path toward €15.20, a psychological level and April high. Otherwise, selling pressure could push it back toward support zones. In conclusion, the collaboration between Repsol and PLD Space not only drives innovation in the Spanish aerospace sector but also strengthens Repsol’s energy transition strategy. While the Miura 5 aims to mark a milestone in sustainable space exploration, the company maintains solid fundamentals and a technical setup that supports upside potential, consolidating its role as a reference in energy and innovation. ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance and forecasting are not a synonym of a reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk. Political risk is unpredictable. Central bank actions can vary. Platform tools do not guarantee success.