Business & Finance
Stoke Space secures initial closing of $1 billion funding round
The company has raised $2.3 billion to date for reusable rockets, according to TechCrunch.
The short version
- Stoke Space Technologies completed the initial closing of a $1 billion Series E round led by Point72 Ventures and Spark Capital.[TechCrunch]
- The funding brings total capital raised by the reusable rocket startup to $2.3 billion.[TechCrunch]
- CEO Andy Lapsa expects the company's initial Nova Pathfinder vehicle to launch in early 2027.[TechCrunch]
- Stoke also unveiled plans to deploy a larger 15-metric-ton Nova Block 2 rocket by 2029.[TechCrunch]
Key facts
- Stoke Space Technologies completed the initial closing of a $1 billion Series E round led by Point72 Ventures and Spark Capital.[TechCrunch]
- Total funding raised by Stoke Space has reached $2.3 billion.[TechCrunch]
- The Nova Pathfinder rocket carries three metric tons to low-Earth orbit, with launch contracts already sold.[TechCrunch]
- Stoke plans to deploy the Nova Block 2 rocket in 2029 to carry 15 metric tons to low-Earth orbit.[TechCrunch]
- The company's active cooling system circulates super-cooled liquid hydrogen through thermal shielding.[TechCrunch]
What remains uncertain
- The Nova Pathfinder launch timeline remains targeted for early 2027 and depends on ground and operational testing.[TechCrunch]
- Deployment of the larger Nova Block 2 vehicle in 2029 remains an unverified long-term goal.[TechCrunch]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.