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.
Readers!
Every February I run a fund-raising drive during my birthday month. This year I celebrate my 72nd birthday, and hope and plan to continue writing and posting on Behind the Black for as long as I am able.
I hope my readers will support this effort. As I did in my November fund-raising drive, I am offering autographed copies of my books for large donations. Donate $250 and you can have a choice of the hardback of either Genesis: the Story of Apollo 8 or Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space. Donate $200 and you can get an autographed paperback copy of either. IMPORTANT! If you donate enough to get a book, please email me separately to tell me which book you want and the address to mail it to.
Please consider supporting my work here at Behind the Black. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID 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. Every one of those 2020 conclusions has turned out right.
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.
You can support me either by giving a one-time contribution or a regular subscription. There are four 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 or subscription:
4. 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.
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.