Stoke Space has successfully completed a $260 million Series C funding round, bringing its total capital raised to $480 million, to further develop its reusable medium-lift rocket Nova and renovate Launch Complex 14 for future launches.

Information on the Target

Stoke Space is an innovative company focused on the development of fully reusable medium-lift launch vehicles. With a mission to revolutionize space transportation, Stoke was founded in 2019 by industry veterans Andy Lapsa and Tom Feldman, who both have extensive backgrounds with Blue Origin and SpaceX. The company's flagship project, Nova, aims to be the world's first fully reusable medium-lift rocket capable of recovering both its booster and second stage back to Earth.

Recently, Stoke Space completed a successful $260 million Series C funding round, boosting its total capital raised to $480 million. This funding round underscores the increasing demand for Stoke's transformative approach to ultra-low-cost on-demand space transportation and reflects the company’s significant progress in developing its reusable launch solutions. The funds will facilitate the completion of Nova’s development and renovation of Launch Complex 14 at Cape Canaveral Space Force Station, which will serve as the launch site for the vehicle.

Industry Overview in the Target’s Specific Country

The space industry in the United States is witnessing rapid growth and innovation, driven by both government and private sector initiatives. The increasing need for reliable access to space for satellite deployment, research, and explor