Funding Round attributes
Stoke Space, a company specializing in the development of fully reusable medium-lift rockets, announced on January 15, 2025, that it has secured $260 million in a Series C funding round. This significant investment brings the company's total funding to $480 million.
The funding round saw participation from both new and existing investors, including Breakthrough Energy Ventures, Glade Brook Capital Partners, Industrious Ventures, Leitmotif, Point72 Ventures, Seven Seven Six, the University of Michigan, Woven Capital, and Y Combinator.
Stoke Space plans to utilize the newly acquired funds to advance the development of its fully reusable Nova launch vehicle and to complete construction at Launch Complex 14 at Cape Canaveral Space Force Station in Florida. This historic site, allocated by the United States Space Force for Stoke's use, was notably the launch site for John Glenn's Friendship 7 mission in 1962, marking the first time an American reached orbit.
The company has made significant strides in rocket technology, including the successful vertical test firing of its first-stage Zenith engine at their Moses Lake, Washington, facility. This achievement positions Stoke as one of only two entities worldwide to develop and test a full-flow staged combustion engine, known for its high efficiency. Additionally, Stoke has pioneered the first actively cooled metallic reentry heat shield, integrated into its upper-stage engine, facilitating full and rapid reuse.
