Aerospace firm Stoke Space raised $510 million to scale manufacturing of its fully reusable Nova rocket, which aims to reduce launch turnaround time and cost. The round was led by top private investors and strategic partners, positioning the company as a competitor in the mid-lift reusable launch market. The funds will be used to complete test infrastructure, expand production tooling, and advance orbital demonstration missions planned for late 2026. The raise marks a key milestone for next-generation reusable launch systems in the commercial space industry.