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Tech News
Stoke Space announced a $1 billion Series E funding round co-led by Point72 Ventures and Spark Capital, bringing its total funding to $2.3 billion. CEO Andy Lapsa said the money will accelerate development of a bigger 'Block 2' version of its Nova rocket capable of lifting 15 metric tons to low-Earth orbit while remaining fully reusable, even as the original Nova vehicle nears its debut launch next year.
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.
General Intuition, a New York startup building foundation models for AI agents that navigate space and time, is reportedly negotiating a new funding round at a $6 billion pre-money valuation. New backers reportedly include Valor Equity Partners, Point72 Ventures and Seven Seven Six, alongside existing investors Khosla Ventures and General Catalyst, just weeks after the company raised $320 million at a $2.3 billion valuation.