Stoke Space has amassed a substantial sum during its latest round of financing and is revealing exactly where it plans to invest its new stack of cash.
The Kent, Washington-based company just raised $1 billion via its"Series E" capital campaign, bringing Stoke’s total investor haul to $2.3 billion. The Sept. 8 announcement provided a development update for Stoke’s fully reusable Nova Pathfinder launch vehicle and included plans for its never-before-seen Nova Block 2 rocket, a more powerful system designed to be able to deliver up to 15 tons to low Earth orbit (LEO).
“We are humbled by the trust our investors and customers have placed in us in pursuit of this critical generational challenge,” said Andy Lapsa, Stoke CEO and co-founder. “This investment enables us to scale toward delivering the capability and cadence our customers require.”
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