{"id":17084,"date":"2025-10-07T21:15:41","date_gmt":"2025-10-07T13:15:41","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/stoke-space-reportedly-raising-another-massive-round-of-funding-for-its-nova-rocket-program\/"},"modified":"2025-10-07T21:15:41","modified_gmt":"2025-10-07T13:15:41","slug":"stoke-space-reportedly-raising-another-massive-round-of-funding-for-its-nova-rocket-program","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/stoke-space-reportedly-raising-another-massive-round-of-funding-for-its-nova-rocket-program\/","title":{"rendered":"Stoke Space reportedly raising another massive round of funding for its Nova rocket program"},"content":{"rendered":"
\"Stoke
Stoke Space\u2019s booster engine blazes during its first hot-fire test in 2024. (Stoke Space Photo)<\/figcaption><\/figure>\n

Update: <\/strong>Stoke Space has raised $510 million in Series D funding to accelerate development of its fully reusable medium-lift rocket. Check out the full story.<\/strong><\/p>\n

Previously:<\/strong> Stoke Space, one of the Seattle area\u2019s up-and-coming space startups, is said to be raising hundreds of millions of dollars in a funding round that it hasn\u2019t yet publicly acknowledged. A report about the round, based on two unidentified sources, was published today by The Information.<\/p>\n

The Information quoted its sources as saying that the funding round could total as much as $500 million, and would value Stoke at nearly $2 billion. That figure would be roughly twice as much as the $944 million valuation that was cited by Pitchbook as of January. The round\u2019s lead investor is said to be Thomas Tull\u2019s United States Innovative Technology Fund.<\/p>\n

We\u2019ve reached out to Stoke Space as well as USIT, and will update this report with any further information we can pass along. (Stoke provided details about the funding round on Oct. 8.)<\/strong><\/p>\n

Kent, Wash.-based Stoke Space was founded in 2019 by two veterans of Jeff Bezos\u2019 Blue Origin space venture, CEO Andy Lapsa and chief technology officer Tom Feldman. The company aims to create a fully reusable, two-stage rocket that\u2019s been dubbed Nova.<\/p>\n

Stoke conducted short-hop tests of a prototype upper stage two years ago, and its first-stage booster is in the latter stages of development. It\u2019s also building a launch facility in Florida, at the Cape Canaveral site where John Glenn became the first American in orbit back in 1962.<\/p>\n

If all goes according to plan, Nova\u2019s first test launch would come next year. One of The Information\u2019s sources said the new investment round should fund multiple launch attempts.<\/p>\n

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