Stoke Space Completes $1 Billion Series E Funding to Develop Reusable Rocket Technology
Stoke Space Technologies has completed a $1 billion Series E funding round aimed at scaling its operations, accelerating production and flight frequency, and developing the next generation of reusable rocket technology. The investment was led by Point72 Ventures and Spark Capital, with participation from several other venture firms including Y Combinator. The company is competing in the low-cost space launch market against SpaceX and aims to develop a fully reusable rocket where both stages return to Earth for reuse—a feat not yet achieved. Unlike some competitors focusing on partial reusability or smaller rockets, Stoke’s approach involves an active cooling system using super-cooled liquid hydrogen as part of its thermal shielding technology. Stoke plans to launch its first vehicle, the Nova Pathfinder, in early 2027 and has already secured launch contracts for it. The company is also developing a larger rocket, the Nova Block 2, which could carry up to 15 metric tons to low-Earth orbit by 2029.
Topics: Investment Rounds Rocket Launches Space Technology Startups