Stoke Space raises $100 million in private investment capital
The rocket startup Stoke Space, which is developing a radically new engine concept for its rockets, has now successfully raised $100 million in private investment capital.
This investment more than doubles the company’s total funding, which now sits at $175 million. The company also announced the official name of its first rocket: Nova.
The funding round was led by Industrious Ventures with participation from the University of Michigan, Sparta Group, Long Journey, and others. Existing investors Breakthrough Energy, YCombinator, Point72 Ventures, NFX, MaC Ventures, Toyota Ventures, and In-Q-Tel also participated. This latest funding round is evidence of strong demand for Stoke’s services, its growing success, and the confidence of investors in its future. As part of this round of fundraising Steve Angel, Chairman of the Board, Linde plc, will join Stoke’s Board of Directors. Angel is also the former CEO of Linde and a member of the Board of Directors of GE.
The company says it will use this money to develop the rocket’s first stage engines, which will follow the same ring nozzle design of its upper stage, a prototype of which it successfully test flew on a short hop last month. Under that design, the engine doesn’t have one central nozzle, but instead the thrust is funnelled out of a ring of tiny nozzles that circle the stage’s outer perimeter. The company believes this design will allow it to return its upper stage safely from orbit for re-use.
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The rocket startup Stoke Space, which is developing a radically new engine concept for its rockets, has now successfully raised $100 million in private investment capital.
This investment more than doubles the company’s total funding, which now sits at $175 million. The company also announced the official name of its first rocket: Nova.
The funding round was led by Industrious Ventures with participation from the University of Michigan, Sparta Group, Long Journey, and others. Existing investors Breakthrough Energy, YCombinator, Point72 Ventures, NFX, MaC Ventures, Toyota Ventures, and In-Q-Tel also participated. This latest funding round is evidence of strong demand for Stoke’s services, its growing success, and the confidence of investors in its future. As part of this round of fundraising Steve Angel, Chairman of the Board, Linde plc, will join Stoke’s Board of Directors. Angel is also the former CEO of Linde and a member of the Board of Directors of GE.
The company says it will use this money to develop the rocket’s first stage engines, which will follow the same ring nozzle design of its upper stage, a prototype of which it successfully test flew on a short hop last month. Under that design, the engine doesn’t have one central nozzle, but instead the thrust is funnelled out of a ring of tiny nozzles that circle the stage’s outer perimeter. The company believes this design will allow it to return its upper stage safely from orbit for re-use.
The support of my readers through the years has given me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Four years ago, just before the 2020 election I wrote that Joe Biden's mental health was suspect. Only in this year has the propaganda mainstream media decided to recognize that basic fact.
Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Even today NASA and Congress refuse to recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
Please consider supporting my work here at Behind the Black.
You can support me either by giving a one-time contribution or a regular subscription. There are five ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation:
5. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above. And if you buy the books through the ebookit links, I get a larger cut and I get it sooner.
I am not certain they are going for an aerospike effect engine, but it seems quite possible. Some things I looked into several years back suggest that it is possible to get that effect with something similar to this layout. If so, it seems like it might be possible to get decent Isp throughout both stages.It also looks as if they can achieve a compct layout and have a route to hot staging if thought necessary.
If the company is nimble enough, SpaceX may have some competition down the road.
Several of the top guys at Stoke, including their CEO, cut their teeth at SpaceX.
Looking for great things from this company. The only thing that gives me pause is they are based in the Seattle area. The woke social contagion may yet thwart their progress.