importantSYS.SOURCE: TechCrunch• 2026-09-08T09:00:00Z

Stoke Space Secures $1 Billion in Series E Funding to Develop Fully Reusable Rocket Technology

#space startups #rocket development #funding #reusable rockets #aerospace innovation

Stoke Space secured $1 billion in Series E funding to scale production and develop its fully reusable rocket system, which aims to return both booster and payload stages to Earth for cost-effective space access. The company is advancing its Nova Pathfinder rocket with active liquid hydrogen cooling technology, targeting 2027 launches and a larger Nova Block 2 vehicle by 2029 to compete with SpaceX's Falcon 9.

Stoke has "completed the initial closing" of a $1B Series E round intended to help it reach orbit and prepare a new, larger rocket for operations.

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