I was listening to an episode of a podcast called "The Rest Is History" about Elizabeth I and obviously th Armada has arisen as it was bound to. From a British perspective it's just sort of one of these landmark moments, and cements Drake's legacy as a naval figure and Elizabeth as Gloriana in people's minds. But how much if at all is it known in Spain, how is it approached in Spanish history and so on?
I am spanish but at the same time i do really like naval history and learnt from myself and from different sources (and i lived in several countries, UK included).
Spain still suffers -a lot- from the "Black Legend" to the point that most people believe it. That, together with the fact that nowadays education systems are becoming more and more relaxed, makes the knowledge of history much more partial.
In nowadays students history textbooks, the data is quite correct about the intentions of the expedition and that was unsuccessful. The main reasons of failure stated were bad weather, tides and the death of famous Admiral Alvaro de Bazan, who would have led the navy had he not died.
But the damage is done and if you question regular people about it, the feeling is about tremendous failure and use the name given by our -in that time- were our enemies. Something similiar happens in Japan if you question about the Yamato battleship in WW2.
At the same time, there is a new wave of rediscovery of spanish history. Sadly, because of the rise of the far-right in Spain, anything related with militarism is viewed with skepticism and it is difficult to find views that are not distorted or arbitrary.
The new -reformed- Naval Museum of Spain is absolutely gorgeous (Paseo del Prado, 3. 28014,Madrid). Is an example of modern vision of history in a neutral bias and that really makes me feel proud and excited about the historical knowledge of events such as the Great Armada.
In this link there is a conference about the approach of the Gran Armada in 2020, thanks to Fundacion Juan March (by Magdalena de Pazzis Pi Corrales, Professor of Modern History at the Complutense University of Madrid). I am sorry that is only in Spanish, but the quality of that conference is just impressive.
I do not believe that Spain will be able to erase the black legend without incurring in the opossite: the pink legend (biases defense of Spanish culture and approval of imperial policy, as well as praise of Hispanic character). But it is taking steps in the right direction.
I don't think you can obtain access to those books in english, but if you want to read about the Spanish approach they are pure GOLD:
One of the books is about the following english naval counterattack, the English Armada or Counter Armada. Nowadays, more and more people know about it and refered as "the english naval disaster".