IUX24
TopMarketWorldEconomyFinanceTechnologyBusinessPoliticsAnalysis & Opinion

Stoke Space Raises $1 Billion for New Rockets

Stoke Space secured a $1 billion Series E funding round to accelerate development of its reusable Nova Pathfinder and larger Block 2 rockets. The company aims to meet soaring demand for satellite launch services with vehicles debuting in 2027 and 2029.

Xurve View
Insights:
FILE PHOTO: A SpaceX Falcon 9 rocket carrying a payload of Starlink v2-mini satellites lifts off from Space Launch Complex 40 at the U.S. Space Force Station in Cape Canaveral, Florida, U.S. June 10, 2025. REUTERS/Steve Nesius/File Photo

Stoke Space raised $1 billion in fresh funding to build a larger rocket, CEO Andy Lapsa said over the overnight hours. The Series E round values the United States startup at $10 billion. The company has secured $2.3 billion in total funding since its 2020 founding.