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.
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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.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows 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. 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. Only now does it appear that Washington might finally 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.
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.
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