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Stoke Space raises $510m to accelerate reusable-rocket development
Stoke Space raised $510m to speed development of its reusable Nova launch vehicle and scale manufacturing.
Reusable-rocket developer Stoke Space closed a $510 million funding round led by US Innovative Technology Fund to accelerate its Nova reusable launch vehicle programme. The financing will be channelled into prototype testing, propulsion development and scaling manufacturing to shorten turnaround times between launches. Stoke says the capital positions it to compete in a market where reusability and rapid cadence are key to lowering launch costs for satellite constellations and national security customers.