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Overview
Stoke Space is developing Nova rockets with full stage reuse to enable high-cadence, lower-cost access to orbit for commercial satellite operators and government missions. The rockets are designed for rapid reuse of both stages, supporting frequent flights and lower operating costs compared to expendable or partially reusable fleets. The company is progressing toward its first orbital flight with Nova Pathfinder around early 2027, followed by Nova Block 2 capable of lifting about 15 metric tons to low Earth orbit later in the decade. Stoke aims to accelerate reusable launch development and establish a dependable, high-frequency launch capability for customers.
About Stoke Space
Industries
Industrial & Manufacturing
Aerospace
Company Size
201-500
Company Stage
Series E
Total Funding
$2.4B
Headquarters
Kent, Washington
Founded
2019
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Simplify's Take
What believers are saying
- Sept. 8, 2026 Reuters said the round values Stoke near $10 billion.
- Launch Complex 14 at Cape Canaveral advances, giving Stoke a real Florida pad.
- Kevin Weil joined the board in 2026, strengthening software, product, and fundraising credibility.
What critics are saying
- Nova Pathfinder slips past 2027, delaying revenue and handing customers to SpaceX.
- Any 2027 orbital failure stalls certification, burns cash, and forces another expensive redesign.
- Block 2 faces a brutal capital wall; one slip risks a stranded, pre-revenue company.
What makes Stoke Space unique
- 100% reusable Nova architecture targets both stages, unlike partial-reuse Falcon-class rivals.
- Sept. 2026 Series E lifted total capital to $2.3 billion, funding full-stack reuse.
- Nova Block 2 targets 15 tons to LEO, pairing medium-lift capacity with rapid turnaround.
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Funding
Total Funding
$2.4B
Above
Industry Average
Funded Over
12 Rounds
Y CombinatorIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
401(k) Company Match
Paid Vacation
Flexible Work Hours
Company Equity
Growth & Insights and Company News
6 month growth
↑ 4%1 year growth
↑ 1%2 year growth
↑ 1%Seamless mobility to, through, and from space. Nova is built for 100% reusability, from the start.
Porsche SE, the majority shareholder of Volkswagen, has invested in US rocket company Stoke Space Technologies. The Stuttgart-based holding company of the Porsche and Piëch families committed a low double-digit million euro amount to the space venture. Stoke Space is developing a two-stage carrier rocket designed for full reusability, enabling higher launch frequency and significantly lower costs than conventional rockets. According to Porsche SE chief Hans Dieter Pötsch, this approach is similar to Elon Musk's SpaceX, which currently dominates the rocket launch market. This marks Porsche SE's second investment in the space sector. In 2021, the holding company invested in Bavarian rocket startup Isar Aerospace, acquiring a low single-digit percentage stake. Stoke Space's "Nova" rocket is scheduled for its first launch in early 2027.
Stoke Space Technologies Inc. is raising $1 billion to accelerate development and production of a fully reusable rocket to challenge Elon Musk’s SpaceX, people familiar with the matter said.
Stoke Space has appointed Kevin Weil to its board of directors. Weil brings over 20 years of technology leadership experience from roles at OpenAI, Planet Labs, Facebook, Instagram, and Twitter. Most recently, he served as vice president of science at OpenAI, focusing on applying AI to scientific discovery. Stoke Space is developing Nova, a fully reusable medium-lift launch vehicle. The company aims to provide low-cost, on-demand space transport with aircraft-like frequency. Weil was part of management teams that took Twitter and Planet public and helped scale Instagram and ChatGPT into global platforms. Stoke's technology development has been funded by the US Space Force, DIU, NASA, and the National Science Foundation. Weil holds degrees in physics and mathematics from Harvard and Stanford.
Stoke Space Technologies extends previously announced Series D Financing to $860 million.
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About Stoke Space
Industries
Industrial & Manufacturing
Aerospace
Company Size
201-500
Company Stage
Series E
Total Funding
$2.4B
Headquarters
Kent, Washington
Founded
2019
Stoke Space is Hiring for 60 Jobs on Simplify!
Find jobs on Simplify and start your career today