Stoke Space raises $1 billion more to chase a fully reusable rocket
A hard engineering bet that nobody has yet pulled off just drew the kind of money that buys years.
Stoke Space has closed an initial $1 billion of a Series E round led by Point72 Ventures and Spark Capital, bringing its total raised to $2.3 billion. The company is building a rocket in which both the booster and the payload-carrying second stage return to Earth for reuse, a capability no operator has achieved, and it protects that second stage on reentry by running super-cooled liquid hydrogen through the thermal shielding. Its first vehicle, Nova Pathfinder, is expected to fly in early 2027 carrying three metric tons to low-Earth orbit, with a second-generation Nova targeted for 2029 at fifteen metric tons. Chief executive Andy Lapsa said the round is "really to scale," funding production, flight frequency, and the next vehicle.
Scripture for Reflection
“Let us not grow weary in well-doing, for in due time we will reap a harvest if we do not give up.”
We can keep at our own slow, unglamorous work without losing heart.
