Stoke Space announced Tuesday that it has raised another significant round of funding, $1 billion, as it makes a final push toward its debut launch next year. The Washington-based launch company also revealed plans for a larger medium-lift vehicle.
With the Series E funding round, co-led by Point72 Ventures and Spark Capital, Stoke Space brought its total amount of capital raised to $2.3 billion, a staggering amount for a company that has yet to attempt an orbital launch.
The quantity of new funding will enable the company to accelerate work on a larger "Block 2" version of the Nova rocket, capable of lifting 15 metric tons to low-Earth orbit in a fully reusable configuration, said Stoke co-founder and Chief Executive Andy Lapsa.
