{"id":6127,"date":"2025-01-16T17:50:39","date_gmt":"2025-01-16T09:50:39","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/stoke-space-secures-260-million-investment-for-reusable-rocket-development\/"},"modified":"2025-01-16T17:50:39","modified_gmt":"2025-01-16T09:50:39","slug":"stoke-space-secures-260-million-investment-for-reusable-rocket-development","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/stoke-space-secures-260-million-investment-for-reusable-rocket-development\/","title":{"rendered":"Stoke Space Secures $260 Million Investment for Reusable Rocket Development"},"content":{"rendered":"

\"Stoke<\/p>\n

Stoke Space<\/strong>, the rocket company building the world\u2019s first 100% reusable medium-lift rocket, announced that it has raised $260 million in new Series C investment to drive continued growth and innovation. This investment more than doubles the company\u2019s total funding, bringing it to $480 million.<\/p>\n

The funding round involves new and existing investors including Breakthrough Energy Ventures, Glade Brook Capital Partners, Industrious Ventures, Leitmotif, Point72 Ventures, Seven Seven Six, the University of Michigan, Woven Capital, and Y Combinator, among others.<\/p>\n

This Series C funding round reflects the growing demand for Stoke\u2019s innovative approach to creating ultra-low-cost on-demand space transportation, as well as the exceptional progress the company has made in developing the fully reusable solutions that make low-cost access to and from space possible.<\/p>\n

\n

Also Read: What are the the Different Types of Launch Vehicles used in Space?<\/h4>\n<\/div>\n

\u201cWe deeply appreciate the confidence investors have placed in Stoke and our mission,\u201d said Andy Lapsa<\/strong>, CEO and co-founder of Stoke Space.<\/strong> \u201cThis new investment validates our progress and enables us to accelerate the development of technologies that will redefine access to and from space.\u201d<\/p>\n

The funding round comes just weeks after the company\u2019s successful vertical test firing of its first-stage Zenith engine on its new, state-of-the-art test stand in Moses Lake, Washington. With Zenith, Stoke became one of only two entities globally to successfully develop and test a full-flow staged combustion engine, the type of rocket engine with the highest possible efficiency. Stoke has also pioneered the world\u2019s first actively cooled metallic reentry heat shield, which is integrated into its high-efficiency upper-stage engine and enables full and rapid reuse.<\/p>\n

\u201cRapid and reliable reuse of a rocket\u2019s upper stage is the last big challenge to solve before mobility to and from space becomes akin to other forms of transportation,\u201d said Lapsa. \u201cIt represents a significant inflection in the space economy, and in turn opens the door to an incredible set of business opportunities that make life more vibrant on and off Earth.\u201d<\/p>\n

Stoke intends to use the new funding to complete construction at the historic Launch Complex 14 at Cape Canaveral Space Force Station in Florida, which has been allocated by the United States Space Force for dedicated use by Stoke\u2019s Nova launch vehicle. Launch Complex 14 was host to John Glenn\u2019s iconic Friendship 7 flight in 1962, which made him the first American to reach orbit. The funds will also be used to finalize the development of Nova, and for enhancements to Stoke\u2019s private test facility and manufacturing headquarters.<\/p>\n","protected":false},"excerpt":{"rendered":"

Stoke Space, the rocket company building the world\u2019s first 100% reusable medium-lift rocket, announced that it has raised $260 million in new Series C investment to drive continued growth and innovation. This investment more than doubles the company\u2019s total funding, bringing it to $480 million. The funding round involves new and existing investors including Breakthrough […]<\/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],"class_list":["post-6127","post","type-post","status-publish","format-standard","hentry","category-news","tag-ground","tag-launch","tag-launch-vehicle-platforms"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/6127"}],"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=6127"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/6127\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=6127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=6127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=6127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}