With another huge infusion of cash, Stoke Space goes even bigger
The space economy will grow exactly as fast as we can launch rockets.
Stoke Space announced Tuesday that it has raised another significant round of funding, $1 billion, as it makes a final push toward its debut launch next year. The Washington-based launch company also revealed plans for a larger medium-lift vehicle.
With the Series E funding round, co-led by Point72 Ventures and Spark Capital, Stoke Space brought its total amount of capital raised to $2.3 billion, a staggering amount for a company that has yet to attempt an orbital launch.
The quantity of new funding will enable the company to accelerate work on a larger "Block 2" version of the Nova rocket, capable of lifting 15 metric tons to low-Earth orbit in a fully reusable configuration, said Stoke co-founder and Chief Executive Andy Lapsa.