Stoke Space raises $1 billion for reusable rockets
Stoke Space has secured $1 billion in Series E funding co-led by Point72 Ventures and Spark Capital. The company's CEO, Andy Lapsa, announced that its medium-lift Nova Pathfinder rocket is slated for its first flight early next year, with development also underway on a larger 15-ton-class Nova rocket.
This funding round significantly bolsters Stoke Space's capacity to develop and launch its reusable rocket technology, potentially impacting the commercial space launch market.
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