{"id":2648,"date":"2025-10-09T15:09:29","date_gmt":"2025-10-09T15:09:29","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/stoke-space-secures-510-million-to-scale-nova-reusable-rocket-production\/"},"modified":"2025-10-09T15:09:29","modified_gmt":"2025-10-09T15:09:29","slug":"stoke-space-secures-510-million-to-scale-nova-reusable-rocket-production","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/stoke-space-secures-510-million-to-scale-nova-reusable-rocket-production\/","title":{"rendered":"Stoke Space Secures $510 Million to Scale Nova Reusable Rocket Production"},"content":{"rendered":"

\"Stoke<\/p>\n

Stoke Space<\/strong> raised $510 million in Series D funding led by Thomas Tull\u2019s US Innovative Technology Fund (USIT) in conjunction with a $100 million debt facility led by Silicon Valley Bank. This new financing, which more than doubles the total capital raised to $990 million, will accelerate product development and expansion. The round also drew support from Washington Harbour Partners LP and General Innovation Capital Partners, underscoring Stoke\u2019s importance to national security and the U.S. industrial base. Existing backers who also participated include 776, Breakthrough Energy, Glade Brook Capital, Industrious Ventures, NFX,  Sparta Group, Toyota Ventures, Woven Capital, among others.<\/p>\n

Earlier this year, the U.S. Space Force awarded Stoke a National Security Space Launch contract that will expand the country\u2019s access to space. The award reflects the growing demand for medium-lift capacity across commercial, defense, and emerging architectures, such as the Golden Dome. The fully and rapidly reusable Nova launch vehicle is being developed to provide high-frequency access to orbit and support missions to, through, and from space, including satellite constellation deployment, in-space mobility, and downmass. <\/p>\n

\u201cLaunch capacity is now a defining factor in the U.S.\u2019s ability to compete and lead in the space economy,\u201d said Thomas Tull, Chairman of USIT<\/strong>. \u201cStoke\u2019s pioneering approach to reusable launch systems directly advances our national security and commercial access to orbit. Their vision for resilient, high-frequency launch operations is the kind of innovation essential to maintaining leadership in the space industry. We\u2019re proud to support their mission in defining the next chapter of U.S. aerospace.\u201d<\/p>\n

\n

Also Read: What is a Launch Vehicle?<\/h4>\n<\/div>\n

Since the Series C, Stoke has completed mission duty cycle testing on Stage 1 and Stage 2 flight-like engine configurations and advanced structural qualifications for both stages. They have also made substantial progress in the refurbishment of Launch Complex 14 at Cape Canaveral Space Force Station, Florida, which is scheduled for activation in early 2026. <\/p>\n

\u201cThis funding gives us the runway to complete development and demonstrate Nova through its first flights,\u201d said Andy Lapsa<\/strong>, Stokes co-founder and CEO<\/strong>. \u201cWe\u2019ve designed Nova to address a real gap in launch capacity, and the National Security Space Launch award, along with our substantial manifest of contracted commercial launches, affirms that need. The fresh support from our investors and government partners enables our team to remain laser focused on bringing Nova\u2019s unique capabilities to market.\u201d <\/p>\n

The new capital will expand production capacity for the Nova vehicle and complete activation of Launch Complex 14 at Cape Canaveral. Stoke will also invest in supply chain, our Boltline product, and infrastructure to prepare for high-cadence launch operations, strengthening capability across the U.S space industrial base.<\/p>\n","protected":false},"excerpt":{"rendered":"

Stoke Space raised $510 million in Series D funding led by Thomas Tull\u2019s US Innovative Technology Fund (USIT) in conjunction with a $100 million debt facility led by Silicon Valley Bank. This new financing, which more than doubles the total capital raised to $990 million, will accelerate product development and expansion. The round also drew […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[26,25,54,20],"class_list":["post-2648","post","type-post","status-publish","format-standard","hentry","category-news","tag-ground","tag-launch","tag-launch-vehicle-platforms","tag-satellite"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/2648"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=2648"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/2648\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=2648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=2648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=2648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}