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3 clusters · 12 sources · 26 days · First seen 29 days ago · Last updated 3 days ago

Stoke Space Technologies funding and development

Overview

Stoke Space Technologies, a US-based aerospace startup, has successfully secured $1 billion in a Series E funding round, led by Point72 Ventures and Spark Capital. This brings the company’s total capital raised to $2.3 billion. The funds are earmarked for expanding production and testing infrastructure, preparing for orbital flight, and developing its next-generation launch vehicle.

In conjunction with the financing, the company unveiled the Nova Block 2, a larger iteration of its fully reusable rocket designed to carry 15 tons to low Earth orbit (LEO). This model is expected to make its first flight in 2029, positioning the company as a competitor to Rocket Lab’s Neutron rocket. To achieve full reusability of both the booster and the upper stage, Stoke Space is developing a metallic heat shield for the second stage that is actively cooled by liquid hydrogen.

The company maintains its timeline to launch the Nova Pathfinder in early 2027, which will serve as a technology demonstrator to test unique recovery systems while carrying payloads to orbit.

Entities

SpaceX · Spark Capital · Stoke Space · Isar Aerospace · Stoke Space Technologies

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Porsche Automobil Holding SE has invested in Stoke Space Technologies. www.it-boltwise.de · www.onetz.de · www.finanznachrichten.de
[● 3 SOURCES] The investment amount is in the low double-digit million dollar range. www.it-boltwise.de · www.onetz.de · www.finanznachrichten.de
[● 3 SOURCES] Stoke Space Technologies is developing a two-stage launch vehicle designed for full reusability. www.it-boltwise.de · www.onetz.de · www.finanznachrichten.de
[● 2 SOURCES] The first launch of the 'Nova' rocket is scheduled for early 2027. www.onetz.de · www.finanznachrichten.de
[● 2 SOURCES] This marks Porsche SE's second investment in a rocket startup, following a 2021 stake in Isar Aerospace. www.it-boltwise.de · www.onetz.de
[○ 1 SOURCE] Stoke Space Technologies raised approximately 1 billion US dollars in its financing round. www.finanznachrichten.de

Timeline

3 days ago

[BUSINESS] 5 sources
Porsche SE invests in US rocket firm Stoke Space Technologies
Porsche Automobil Holding SE has invested a low double-digit million dollar amount in US aerospace firm Stoke Space Technologies to support its development of fully reusable rockets.
3 days ago

[BUSINESS] 7 sources
Stoke Space raises $1 billion to develop fully reusable Nova rockets
Stoke Space raised $1 billion in Series E funding to develop its fully reusable Nova rocket series, aiming for a 2027 orbital flight with the Nova Pathfinder and a 2029 debut for the 15-ton Nova Block 2.
29 days ago

[BUSINESS] 3 sources
Stoke Space Technologies seeks $1 billion for reusable rocket development
Stoke Space Technologies is seeking $1 billion in funding to develop its fully reusable Nova rocket, aiming to challenge SpaceX's dominance in the commercial satellite launch market.

Sources

astrospace.it · finanznachrichten.de · it-boltwise.de · kulturegeek.fr · m.aktiencheck.de · newsbit.nl · onetz.de · pjmedia.com · playtennis.com · poslovni.hr · succession-service.fr · technice.com.tw

This summary has been updated 1 time: see revision history