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Stoke Space

Fully reusable rocket launch provider.

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.

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About Stoke Space

Simplify's Rating
Why Stoke Space is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & ManufacturingAerospace

Company Size

201-500

Company Stage

Debt Financing

Total Funding

$2.5B

Headquarters

Kent, WA

Founded

2019

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Simplify's take

What believers are saying

  • September 2026 Series E raised $1 billion, bringing total capital to $2.3 billion.
  • Defense Department committed $150 million for Cape Canaveral expansion in October 2026.
  • Space Force approval on November 6, 2026 unlocks second-pad studies and site surveys.

What critics are saying

  • Nova Pathfinder still targets early 2027; another slip delays revenue and customer confidence.
  • SpaceX, Rocket Lab, and ULA already own launch relationships Stoke needs to win.
  • If full reusability economics fail, Stoke becomes a capital-intensive engine test program.

What makes Stoke Space unique

  • Fully reusable Nova targets recovery and relaunch of both stages, not partial reuse.
  • Stoke’s September 2026 Nova Block 2 targets 15 metric tons to LEO.
  • Cape Canaveral Launch Complex 14 plus a second pad supports high-cadence operations.

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Funding

Total Funding

$2.5B

Above

Industry Average

Funded Over

13 Rounds

Notable Investors:
Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison Coming Soon

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

0%

2 year growth

0%
MarketScreener
Oct 26th, 2026
Stoke Space lands $150M Pentagon loan commitment to build second Cape Canaveral launchpad

The US Defense Department has signed a $150 million conditional loan commitment with Stoke Space Technologies, a reusable-rocket startup. Stoke will use the money to build its second launchpad at Cape Canaveral Space Force Station in Florida. The Pentagon's Office of Strategic Capital said the commitment "more broadly supports the expansion of U.S. launch capacity, which is required to meet the rising demand for commercial and national security space launch by the United States Space Force." The loan follows the initial closing of a $1 billion Series E round in September. Stoke said the round brings its total capital raised to $2.3 billion and will speed development of its Nova Block 2 launch vehicle. Stoke targets early 2027 for the first orbital launch of its Nova Pathfinder. Its backers include Point72 Ventures and Y Combinator.

Stoke Space
Sep 9th, 2026
Stoke Space Raises $1 Billion to Accelerate Fully Reusable Launch

Seamless mobility to, through, and from space. Nova is built for 100% reusability, from the start.

Main-Post
Sep 8th, 2026
Porsche SE invests low double-digit millions in US rocket firm Stoke Space

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.

Bloomberg
Aug 13th, 2026
Stoke Space Is Raising $1 Billion to Fund Flagship Nova Rocket

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.

Associated Press
Jul 8th, 2026
Former OpenAI executive Kevin Weil joins Stoke Space board as reusable rocket firm eyes commercial operations

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.

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