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Stoke Space Raises $1 Billion for Fully Reusable Rockets, Targets 'Early 2027' for 1st-Ever Launch
The startup says the funding will help scale its fully reusable design and expand test and launch facilities as it targets an early 2027 debut.
- Stoke Space completed a $1 billion Series E funding round led by Point72 Ventures and Spark Capital this month to advance its fully reusable Nova rocket program.
- The company plans to debut its smaller Nova Pathfinder rocket in early 2027, using it as a stepping stone to the larger Nova Block 2 targeted for 2029 launch.
- Stoke Space CEO Andy Lapsa cited growing market demand for launch capacity as the primary driver for scaling the design, noting the company has already sold launch contracts for its vehicles.
- To support operations, the startup is expanding its Moses Lake test facility to 550 acres, bringing total funding raised since its 2020 founding to $2.3 billion.
- Clay Fisher of Spark Capital called full reusability the 'inevitable end state of the market,' a strategy Stoke pursues alongside competitors like SpaceX to reduce orbital access costs.
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Stoke Space raises $1 billion for fully reusable rockets, targets 'early 2027' for 1st-ever launch
Stoke Space announced a $1 billion round of funding to support development of its fully reusable Nova rockets, including the newly revealed Nova Block 2, which will be capable of delivering 15-ton payloads to low Earth orbit.
·New York, United States
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Stoke Space has $2.3bn and no flights. First launch: 2027
Stoke Space has raised a billion dollars for a rocket that has never flown. The Washington company says the Series E takes its total funding to $2.3bn. It has not yet reached orbit once. Point72 Ventures and Spark Capital co-led the round, according to Stoke’s announcement. General Innovation, Glade Brook Capital, US Innovation Technology, Washington […] This story continues at The Next Web
·Amsterdam, Netherlands (Kingdom of the)
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Total News Sources25
Leaning Left1Leaning Right1Center7Last UpdatedBias Distribution78% Center
Bias Distribution
- 78% of the sources are Center
78% Center
11%
C 78%
11%
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