Stoke Space gives us another reason to take it very seriously

Stoke Space announced a significant capital raise on Wednesday, a total of $510 million as part of Series D funding. The new financing doubles the total capital raised by Stoke Space, founded in 2020, to $990 million.

The infusion of money will provide the company with “the runway to complete development” of the Nova rocket and demonstrate its capability through its first flights, said Andy Lapsa, the company’s co-founder and chief executive, in a news release characterizing the new funding.

Stoke is working toward a 2026 launch of the medium-lift Nova rocket. The rocket’s innovative design is intended to be fully reusable from the payload fairing on down, with a regeneratively cooled heat shield on the vehicle’s second stage. In fully reusable mode, Nova will have a payload capacity of 3 metric tons to low-Earth orbit, and up to 7 tons in fully expendable mode.

Read full article

Comments

Content Accuracy: Keewee.News provides news, lifestyle, and cultural content for informational purposes only. Some content is generated or assisted by AI and may contain inaccuracies, errors, or omissions. Readers are responsible for verifying the information. Third-Party Content: We aggregate articles, images, and videos from external sources. All rights to third-party content remain with their respective owners. Keewee.News does not claim ownership or responsibility for third-party materials. Affiliate Advertising: Some content may include affiliate links or sponsored placements. We may earn commissions from purchases made through these links, but we do not guarantee product claims. Age Restrictions: Our content is intended for viewers 21 years and older where applicable. Viewer discretion is advised. Limitation of Liability: By using Keewee.News, you agree that we are not liable for any losses, damages, or claims arising from the content, including AI-generated or third-party material. DMCA & Copyright: If you believe your copyrighted work has been used without permission, contact us at dcma@keewee.news. No Mass Arbitration: Users agree that any disputes will not involve mass or class arbitration; all claims must be individual.