Stoke Space raises another $260 million, more than doubling its private capital
Stoke’s Nova rocket
The rocket startup Stoke Space, which is attempting to develop its own fully reusable two stage rocket, announced yesterday that it has successfully raised $260 million of private investment capital in its most recent funding round, more that doubling what it had raised previously and bringing the total raised by the company to $480 million.
The funding round involves new and existing investors including Breakthrough Energy Ventures, Glade Brook Capital Partners, Industrious Ventures, Leitmotif, Point72 Ventures, Seven Seven Six, the University of Michigan, Woven Capital, and Y Combinator, among others.
The company’s Nova rocket will use what has become the standard for first stage re-use, a vertical take-off and landing. Its second stage however will also be reusable, something no one has yet succeeded in doing, and Stoke intends to do it in a radical manner. Rather than use a single nozzle on its upper stage, it has instead gone with a new design whereby thrust is released through a string small nozzles placed in a ring on the bottom outside of the stage. The base of the stage can thus get a heat shield. The plan is to have the stage return much like many returnable capsules, with the small nozzles then used to provide control and thrust during landing.
This new influx of cash indicates renewed confidence in the company among the investor class. Its recent successful test of its Zenith first stage engines probably help fuel that confidence.
It had hoped to do its first test launch this year from Cape Canaveral, but has recently been burdened with new environmental red tape that might impact those plans.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Stoke’s Nova rocket
The rocket startup Stoke Space, which is attempting to develop its own fully reusable two stage rocket, announced yesterday that it has successfully raised $260 million of private investment capital in its most recent funding round, more that doubling what it had raised previously and bringing the total raised by the company to $480 million.
The funding round involves new and existing investors including Breakthrough Energy Ventures, Glade Brook Capital Partners, Industrious Ventures, Leitmotif, Point72 Ventures, Seven Seven Six, the University of Michigan, Woven Capital, and Y Combinator, among others.
The company’s Nova rocket will use what has become the standard for first stage re-use, a vertical take-off and landing. Its second stage however will also be reusable, something no one has yet succeeded in doing, and Stoke intends to do it in a radical manner. Rather than use a single nozzle on its upper stage, it has instead gone with a new design whereby thrust is released through a string small nozzles placed in a ring on the bottom outside of the stage. The base of the stage can thus get a heat shield. The plan is to have the stage return much like many returnable capsules, with the small nozzles then used to provide control and thrust during landing.
This new influx of cash indicates renewed confidence in the company among the investor class. Its recent successful test of its Zenith first stage engines probably help fuel that confidence.
It had hoped to do its first test launch this year from Cape Canaveral, but has recently been burdened with new environmental red tape that might impact those plans.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
A true NewSpace phenomenon–no trust fund babies–all hard work.