# Stoke Space Technologies funding and development

> Live situation record from CLSTR: https://clstr.news/situations/stoke-space-technologies-funding-and-development
> Updated: 2026-09-08T15:15:22.000Z. Sources: 12. Developments: 3.

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.

## Claims

- Porsche Automobil Holding SE has invested in Stoke Space Technologies. (corroborated by 3 sources)
- The investment amount is in the low double-digit million dollar range. (corroborated by 3 sources)
- Stoke Space Technologies is developing a two-stage launch vehicle designed for full reusability. (corroborated by 3 sources)
- The first launch of the 'Nova' rocket is scheduled for early 2027. (corroborated by 2 sources)
- This marks Porsche SE's second investment in a rocket startup, following a 2021 stake in Isar Aerospace. (corroborated by 2 sources)
- Stoke Space Technologies raised approximately 1 billion US dollars in its financing round. (single source)

## Timeline

### 2026-09-08: 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.

5 sources. https://clstr.news/cluster/porsche-se-invests-in-us-rocket-firm-stoke-space-technologies

### 2026-09-08: 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.

7 sources. https://clstr.news/cluster/stoke-space-raises-1-billion-to-develop-fully-reusable-nova-rockets

### 2026-08-13: 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.

3 sources. https://clstr.news/cluster/stoke-space-technologies-seeks-1-billion-for-reusable-rocket-development

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Cite as: Stoke Space Technologies funding and development. CLSTR, https://clstr.news/situations/stoke-space-technologies-funding-and-development