Stoke Space raises $1 billion for reusable rockets

Summary

Andy Lapsa, CEO and co-founder of Stoke Space, discusses the company's $1 billion Series E and total financing over $2 billion. He outlines the Nova vehicle family, including the medium-lift Pathfinder targeting first flight early next year and a larger 15-ton Nova with fully reusable technology. Lapsa argues launch demand now far exceeds supply, especially outside SpaceX, and that fully reusable rockets are the final catalyst for a large investable space economy.

• Stoke Space closed a $1 billion Series E, bringing total financing over $2 billion.
• Capital will fund development of the larger Nova rocket and production and launch infrastructure.
• Pathfinder is a medium-lift, fully reusable vehicle aiming for first flight early next year.
• A larger 15-ton Nova is in development with high-energy orbit capability.
• Lapsa says launch demand is significantly larger than supply, especially outside SpaceX.
• Fully rapid reusability with high flight cadence is key to lowering launch costs.
• Lapsa sees the space economy at an inflection point driven by talent, technology, and miniaturized electronics.