Stoke Space Announces $1 Billion Funding Round to Advance Reusable Rocket Program
The startup says the new Series E financing will support efforts to reach orbit and develop a larger rocket, positioning it as a potential competitor to SpaceX in rocket reusability.
Stoke Space, a U.S.-based aerospace startup, has completed the initial closing of a $1 billion Series E funding round, according to a report by TechCrunch.
The company said the funds are intended to help it achieve orbital flight and to prepare a new, larger rocket for operational use, TechCrunch reported.
Stoke Space has been developing fully reusable rocket technology, an area in which SpaceX has established a dominant position with its Falcon 9 and Starship programs. The new funding round suggests investors see potential for competition in this segment of the space launch industry, according to the report.
Details regarding specific investors participating in the round, the exact valuation of the company, or a timeline for the rocket's first orbital attempt were not disclosed in the available reporting.
TechCrunch did not specify whether the $1 billion figure represents the total target for the round or the amount raised in this initial closing alone.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Related articles
Manus in Talks to Raise $500M at $4B Valuation After Meta Merger Collapse
The AI startup is reportedly seeking fresh funding as it resumes independent operations following a failed tie-up with Meta earlier this year.
NASA Awards SpaceX Three Additional Crew Missions to Space Station
Contract modification extends SpaceX’s role in ferrying astronauts to the International Space Station under NASA’s Commercial Crew Program
Ukrainian Jet-Powered Interceptor Passes Key Tests, Reserves Speed to Engage Targets, Ukrinform Reports
A Ukrainian-made jet-powered interceptor has demonstrated sufficient speed reserves during testing to engage a range of aerial targets, according to Ukrainian news agency Ukrinform.
Trump Says US Will Create an ‘AI Force’ Modeled on Space Force
The US president did not specify whether the initiative would involve establishing a new branch of the armed forces, according to TASS.
TechCrunch Sets Sept. 25 Deadline for Discounted Disrupt 2026 Tickets
Early ticket pricing for the annual technology conference is set to expire in six days, according to TechCrunch.
China Pushes Back on US Warnings to Slow AI Development, Guardian Reports
Beijing officials and businesses argue calls for caution are designed to preserve America's technological lead, according to a Guardian report
Comments
Loading comments…