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About Stoke Space
Industries
Data & Analytics
Government & Public Sector
Aerospace
Company Size
51-200
Company Stage
Series C
Total Funding
$423.6M
Headquarters
Seattle, Washington
Founded
2019
Overview
Stoke Space Technologies focuses on developing fully reusable rockets to provide regular access to and from Earth's orbit. Their rockets are designed to operate daily, allowing clients such as research institutions, government agencies like NASA, and private companies to gather essential satellite data. This data helps in understanding and addressing global environmental changes, including monitoring Earth's fresh water and studying human health from space. Unlike many competitors, Stoke emphasizes sustainability and environmental preservation in their operations. The company's goal is to promote sustainable growth on Earth by leveraging space technology to provide valuable insights into environmental issues.
Simplify's Take
What believers are saying
- Stoke Space raised $260M to advance its Nova launch vehicle and site.
- Growing demand for space tourism aligns with Stoke's reusable rocket capabilities.
- The rise of space-based internet services increases demand for frequent satellite launches.
What critics are saying
- Increased competition from SpaceX and Rocket Lab may impact market share.
- Delays in Nova's development could strain finances and investor confidence.
- Dependence on government contracts exposes Stoke to potential budget cuts.
What makes Stoke Space unique
- Stoke Space focuses on 100% reusable rockets for sustainable space access.
- Their rockets are designed for daily launches, offering unmatched frequency and reliability.
- Stoke leverages satellite data to address global environmental changes proactively.
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Funding
Total Funding
$423.6M
Above
Industry Average
Funded Over
5 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
↓ -3%1 year growth
↓ -1%2 year growth
↓ -4%Stoke Space has raised $260 million in a Series C funding round, more than doubling its total funding to $480 million. The investment will support the company's growth and innovation efforts. The funding round includes participation from new and existing investors such as Breakthrough Energy Ventures, Glade Brook Capital Partners, Industrious Ventures, Leitmotif, Point72 Ventures, Seven Seven Six, the University of Michigan, Woven Capital, and Y Combinator.
Stoke is announcing $260 million in new investment, bringing the company’s total funding to $480 million.
Stoke Space has raised $260 million in a Series C round to advance its fully reusable medium-lift launch vehicle, Nova, and its Cape Canaveral launch site. The company has raised $480 million to date. Investors include Breakthrough Energy Ventures and Y Combinator. The funds will support Nova's development and launch site renovations, with the site expected to be completed by year-end. Nova aims to place up to 7,000 kg into orbit and offers reusable upper stage capabilities.
Small launch startup Stoke Space has found a new investor in In-Q-Tel, the venture arm of the Central Intelligence Agency
Reusable rocket developer STOKE Space today announced the close of a $65 million funding round that the company will use to develop its fully and rapidly reusable rocket.
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About Stoke Space
Industries
Data & Analytics
Government & Public Sector
Aerospace
Company Size
51-200
Company Stage
Series C
Total Funding
$423.6M
Headquarters
Seattle, Washington
Founded
2019
Stoke Space is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today