Stoke Raises $510 Million to Scale Manufacturing of Fully reusable Nova Launch vehicle
Stoke Raises $510 Million to Scale Manufacturing of Fully reusable Nova Launch vehicle
Stoke Raises $510 Million to Scale Manufacturing of Fully reusable Nova Launch vehicle
Stoke Raises $510 Million to Scale Manufacturing of Fully reusable Nova Launch vehicle
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From the article (in quotations):
“October 8, 2025 — We’re pleased to announce that as of September 23, we have raised $510 million in Series D funding led by Thomas Tull’s US Innovative Technology Fund (USIT) in conjunction with a $100 million debt facility led by Silicon Valley Bank. This new financing, which more than doubles our total capital raised to $990 million, will accelerate product development and expansion.”
I wish them the best, they have a very interesting idea with the integrated engine/heatshield on the upper stage, and they moved incredibly quickly to independently develop a FFSC engine, so we’ll see if they can keep up that momentum all the way to countdown.
I bet they won’t be able to launch it on a cold, wet Tuesday night though.
That’s a lot of money. I hope they stay scrappy and innovative.