Stoke Space Raises $1 Billion Series E To Develop Fully Reusable Launch Vehicles
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Stoke Space Technologies has completed the initial closing of a billion-dollar Series E financing round, bringing total capital raised by the reusable rocket company to $2.3 billion. The funding will support preparations for Stoke's first orbital launch, expansion of manufacturing and launch capacity, and development of its larger Nova Block 2 launch vehicle. The Series E was co-led by Point72 Ventures and Spark Capital, with participation from General Innovation, Glade Brook Capital, US Innovation Technology, Washington Harbour Partners, Woven Capital, Y Combinator and other new and existing investors. Stoke is developing fully and rapidly reusable launch vehicles with the goal of lowering launch costs while increasing flight frequency and available launch capacity. The financing will advance the company's core reusability technologies along with the manufacturing, testing, launch and recovery infrastructure needed to support higher-cadence operations. Stoke's Nova Pathfinder vehicle is approaching its first flight and is intended to carry payloads to orbit while demonstrating the architecture, reusability technologies and operational capabilities that will support the broader Nova platform. The company is targeting early 2027 for Pathfinder's first orbital launch. Stoke is simultaneously developing a larger vehicle in response to demand for more launch capacity and...
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