GoKawiilStoke Space closes $1B Series E to fund fully reusable rocket program
Stoke Space Technologies has completed the first close of a $1 billion Series E funding round, led by Point72 Ventures and Spark Capital with participation from Y Combinator and other investors. The company says the capital will support scaling production and flight frequency of its current rocket while funding development of a larger, second-generation vehicle, bringing its total funding to $2.3 billion.
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Stoke is pursuing full reusability of both booster and second stage, a feat SpaceX has yet to achieve with Starship despite spending over $10 billion. This massive raise signals investor confidence that a smaller startup can compete on the industry's hardest technical problem, potentially reshaping the economics of orbital launch if successful.
- Stoke Space's $1B Series E brings its total funding to $2.3 billion.
- The company aims for full reusability of both rocket stages, unlike rivals such as Rocket Lab or Relativity.
- Funds will support scaling operations and developing a second-generation rocket, using a novel active cooling heat shield.
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Published there as: “Stoke Space raises another billion to rival SpaceX at re-flying rockets”
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