Stoke Space adds $350 million to Series D round

MOUNTAIN VIEW, Calif. —Stoke Space has raised an additional $350 million to advance work on its reusable launch vehicle and future projects.

Stoke Space announced Feb. 10 an extension to a Series D funding round the company closed in October, raising the size of the round from $510 million to $860 million. The company has raised $1.34 billion to date.

The company did not disclose which investors participated in this extension. The original Series D was led by U.S. Innovative Technology Fund with participation from several other investors.

Stoke Space is developing Nova, a medium-class launch vehicle whose booster and upper stages are both designed to be reused. The vehicle is designed to place up to 3,000 kilograms into low Earth orbit when fully reused, with the upper stage also capable of bringing payloads back from orbit.

The company said the additional $350 million it raised in the Series D extension will be used to “accelerate future elements of its product roadmap” but did not disclose details.

“We’re executing with urgency to bring Nova to market and deliver for our customers. It’s a special vehicle, and there’s more in the pipeline,” Andy Lapsa, co-founder and chief executive of Stoke Space, said in a statement about the new funding. “We look forward to sharing those developments as they mature.”

The original Series D was focused on completing the launch facilities for Nova at Cape Canaveral Space Force Station’s Launch Complex 14 and ramping up production of Nova. The company said in October it expected to complete the launch site by early 2026, but has not disclosed a date for the first Nova launch.