With another huge infusion of cash, Stoke Space goes even bigger
Summary
Stoke Space has raised $1 billion in new funding, bringing its total to $2.3 billion as it works toward its first rocket launch planned for early 2027. The company is developing two versions of its Nova rocket: a smaller initial version called Pathfinder and a larger Block 2 version expected to launch in 2029.Key Facts
- Stoke Space raised $1 billion in a Series E funding round co-led by Point72 Ventures and Spark Capital.
- The total funding raised by the company now totals $2.3 billion.
- The company is developing the Nova rocket, which is fully reusable and uses methane and liquid oxygen engines.
- The initial Nova Pathfinder rocket can carry 3 metric tons in reusable mode, and 7 metric tons if used once.
- Nova Pathfinder’s first launch is targeted for early 2027 from Cape Canaveral, Florida.
- The Block 2 version will be larger (15 feet in diameter) and is planned for launch around 2029.
- Block 2 will feature more engines and a cylindrical upper stage for more payload space.
- Stoke has already tested the first stage and is preparing for static fire tests of both stages.
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