Oct 7 (Reuters) - Spanish company PLD Space launched its reusable Miura-1 rocket early on Saturday from a site in southwestern Spain, carrying out Europe's first fully private rocket launch and offering hope for the continent's stalled space ambitions.

The startup's test nighttime launch from Huelva came after two previous attempts were scrubbed. The Miura-1 rocket, named after a breed of fighting bulls, is as tall as a three-storey building and has a 100-kg (220-pound) cargo capacity. The launch carries a payload for test purposes but this will not be released, the company said.

(Reporting by David Alire Garcia and Valentine Hilaire; Editing by Will Dunham)