Stoke Space Secures $510 Million for Reusable Rocket Development

Reported about 5 hours ago

Stoke Space, a reusable rocket startup, announced it has raised $510 million in a funding round led by Thomas Tull's US Innovative Technology Fund to accelerate the development of its Nova rocket. This round also saw support from investors like Washington Harbour Partners and existing backers including 776 and Toyota Ventures. Stoke's advancements are positioned to enhance U.S. space launch capabilities, especially in defense, following a National Security Space Launch contract awarded by the U.S. Space Force.

Source: YAHOO

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