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Stoke Space raises $510M to accelerate reusable rocket development
Washington-based aerospace startup Stoke Space has raised $510 million in a new funding round led by the U.S. Innovative Technology Fund. The capital will fund the expansion of its Nova reusable rocket program, aimed at lowering launch costs and turnaround times. The company plans to scale manufacturing and testing infrastructure to compete with SpaceX in orbital reusability. The deal reflects renewed investor confidence in private space ventures focused on sustainable launch technologies.
Companies:
- Stoke Space
Tags:
- Stoke Space
- space tech
Explore:High Return Equity Mutual Fund
positive
Stoke Space raises $510M to accelerate reusable rocket development
Washington-based aerospace startup Stoke Space has raised $510 million in a new funding round led by the U.S. Innovative Technology Fund. The capital will fund the expansion of its Nova reusable rocket program, aimed at lowering launch costs and turnaround times. The company plans to scale manufacturing and testing infrastructure to compete with SpaceX in orbital reusability. The deal reflects renewed investor confidence in private space ventures focused on sustainable launch technologies.
Companies:
- Stoke Space
Tags:
- Stoke Space
- space tech
Explore:High Return Equity Mutual Fund
1 min read
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Stoke Space raised $510M to scale its Nova reusable rocket project, signaling investor confidence in next-gen space technology.
Washington-based aerospace startup Stoke Space has raised $510 million in a new funding round led by the U.S. Innovative Technology Fund. The capital will fund the expansion of its Nova reusable rocket program, aimed at lowering launch costs and turnaround times. The company plans to scale manufacturing and testing infrastructure to compete with SpaceX in orbital reusability. The deal reflects renewed investor confidence in private space ventures focused on sustainable launch technologies.
Washington-based aerospace startup Stoke Space has raised $510 million in a new funding round led by the U.S. Innovative Technology Fund. The capital will fund the expansion of its Nova reusable rocket program, aimed at lowering launch costs and turnaround times. The company plans to scale manufacturing and testing infrastructure to compete with SpaceX in orbital reusability. The deal reflects renewed investor confidence in private space ventures focused on sustainable launch technologies.
Companies:
- Stoke Space
Tags:
- Stoke Space
- space tech
- Stoke Space
- space tech
- funding
- reusable rockets
- aerospace