The launch of the small MIURA1 rocket took place at 02:19 am (0019 GMT) from a military base in the southern region of Andalusia, according to the company, PLD Space.

The company hailed the launch as "successful" and said it had achieved all its "technical objectives".

The rocket rose to 46 kilometres (29 miles) above the Gulf of Cadiz.

After five minutes of flight, the spacecraft landed in the Atlantic Ocean, where the company said it would send a team to recover it.

The launch of the 12-metre (39-foot) rocket was first suspended in May because of strong wind, and then a second time in June because some of its umbilical cables -- which provide power and fuel to the rocket -- did not release in time.

The rocket is the first step in the development of MIURA5, a 35-metre-high, two-stage mini-launch vehicle designed to place satellites weighing less than 500 kilograms (1,100 pounds) into orbit from 2025.

According to PLD Space, 70 percent of the components developed for MIURA1 will be used for MIURA5.

Under a deal signed with the French National Centre for Space Studies, the mini-launcher will take off from the Kourou Space Centre in French Guiana.

Founded in 2011 by two Spanish academics, PLD Space is one of several European start-ups to have embarked on the development of a mini-satellite launcher in response to the fast-growing market for launching micro-satellites into orbit.

Compared with large launchers such as SpaceX's Falcon 9 or ArianeGroup's Ariane 6, small rockets offer a number of uses, including the ability to carry a single satellite, and they can be launched more quickly.

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