Fully Reusable Rocket Developer Stoke Space Secures $100 Million in Series C Funding
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Funding Overview
US-based space startup Stoke Space has raised $100 million in a Series C funding round. The round was led by Industrious Ventures, with participation from Terra Nova, Badger Bay Asset Management, Texas Enterprise Fund, 7Square Ventures, and Long Journey Ventures, among others. This latest infusion significantly increases the company's total capital raised to date.
About Stoke Space
Stoke Space is an aerospace technology company dedicated to achieving complete and rapid rocket reusability. The company is particularly focused on developing technology to fully reuse even the upper stage of the rocket, aiming to dramatically improve cost efficiency—a persistent challenge in the traditional space transportation industry.
Purpose of Funding and Future Outlook
The newly acquired capital will be allocated toward the development and testing of the company's fully reusable "Nova" rocket, as well as the expansion of related operations. Achieving reusability for the upper stage of a rocket is exceptionally difficult technically, and this milestone represents a crucial step for Stoke Space to carve out a unique position in a market led by SpaceX. By enabling more affordable and frequent access to space, the company aims to accelerate the expansion of the space economy.