● Covered by 2 sources · 2 reportsMedium impact2 neutral
Stoke Space raises $1 billion Series E to scale operations and develop new rocket
Key points
- Stoke Space raised $1 billion in Series E funding.
- Funding will scale operations and develop a new rocket.
- Point72 Ventures and Spark Capital led the round.
- Stoke aims for a fully reusable rocket, including the second stage.
- Stoke Space's total capital raised is $2.3 billion.
- Funding accelerates development of a larger "Block 2" Nova rocket.
- Block 2 Nova rocket lifts 15 metric tons to low-Earth orbit.
- Debut launch of the Block 2 Nova rocket is planned for next year.
- Initial Nova version lifts 3 metric tons in reusable mode.
Funding for Expansion
Stoke Space Technologies has secured $1 billion in its Series E funding round. This capital infusion is earmarked for significant expansion, including scaling production, increasing flight frequency, and advancing the development of a larger, second-generation rocket.
Key Investors
The funding round was led by Point72 Ventures and Spark Capital. Additional investors include General Innovation, Glade Brook Capital, US Innovation Technology, Washington Harbour Partners, Woven Capital, and Y Combinator. This latest round brings Stoke Space's total funding to $2.3 billion.
Aiming for Full Reusability
Stoke Space is focused on developing a fully reusable rocket, a goal that includes both the booster stage and the payload-carrying second stage returning to Earth for reuse. This capability has not yet been achieved in the space industry, distinguishing Stoke Space from competitors like SpaceX, which is also pursuing full reusability with its Starship vehicle.
Unique Thermal Shielding
To address the challenge of atmospheric reentry heat, Stoke Space employs a unique active cooling solution. This system flows super-cooled liquid hydrogen through the rocket's thermal shielding. The company has conducted extensive ground testing of this technology, which will be implemented on its first flight.
Upcoming Launch
Stoke Space CEO Andy Lapsa anticipates the company's first vehicle, the Nova Pathfinder, will launch in early 2027. This timeline follows successful structural and operational tests, providing confidence in the target date.
Updates
- Stoke Space's total capital raised is $2.3 billion.
- Funding accelerates development of a larger "Block 2" Nova rocket.
- Block 2 Nova rocket lifts 15 metric tons to low-Earth orbit.
- Debut launch of the Block 2 Nova rocket is planned for next year.
- Initial Nova version lifts 3 metric tons in reusable mode.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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How outlets covered it
Stoke Space secured $1 billion in Series E funding, co-led by Point72 Ventures and Spark Capital, bringing its total capital raised to $2.3 billion. This funding will accelerate the development of a larger "Block 2" Nova rocket, capable of lifting 15 metric tons to low-Earth orbit in a fully reusable configuration, with a debut launch planned for next year.
Stoke Space Technologies completed the initial closing of a $1 billion Series E funding round to scale its operations, increase production and flight frequency, and fund the development of a second-generation vehicle. This funding will support the company's goal of developing a fully reusable rocket, a capability not yet achieved by any company, including SpaceX.