Archive — US — techcrunch
Stoke Space raises another billion to rival SpaceX at re-flying rockets
Stoke Space Technologies has raised $1 billion in Series E funding to advance its reusable rocket technology, aiming to compete with SpaceX. The capital will be used for infrastructure development and to fuel their second generation vehicle, the Nova Block 2, set to debut in 2029. CEO Andy Lapsa emphasizes the novel active cooling solution for heat shielding, with the first flight targeted for early 2027.
Key points
- Stoke Space Technologies raised $1 billion in Series E funding to scale its operations.
- The funding is primarily for development of the Nova Pathfinder rocket and future Nova Block 2.
- Unlike SpaceX, Stoke aims for full reusability of both booster and payload stages.
- Stoke's active cooling method uses super-cooled liquid hydrogen for thermal protection during reentry.
- The company plans to conduct its first flight in early 2027 and has multiple vehicles in production.
- The Nova Block 2, slated for 2029, aims to carry 15 metric tons to low-Earth orbit.
Why it matters
- Stoke’s innovation aligns with the growing trend toward reusable rocket technologies.
- There is an ongoing competition in the space industry, particularly against established players like SpaceX.
- The increase in private funding for space startups reflects the industry's rapid expansion and increasing demand.
- With potential Falcon 9 phasing out by 2029, Stoke could capture critical launch market share.
Stoke Space Technologies is positioning itself strongly against SpaceX by pushing for innovative reusable rocket solutions, and with substantial funding, it aims to redefine cost-effective space access while addressing the emerging demands of the satellite market.