Stoke Space raises $1 billion and unveils larger launch vehicle

Investors and the commercial launch market stand to gain as Stoke Space secures a fresh Series E infusion while incumbent players such as SpaceX face a potential new rival. The round delivered $1 billion, bringing known backing to $2.3 billion, and is aimed at accelerating the fully reusable Nova architecture, according to Eagle‑Tribune.

The funding announcement was paired with the debut of an up‑sized Nova launch vehicle, a larger iteration of the company’s fully reusable rocket, reported by SpaceNews. TechCrunch noted Stoke’s intent to challenge SpaceX by delivering rockets that can be reflown regularly, and the larger vehicle is described as a step toward matching SpaceX’s rapid turnaround cadence.

Stoke plans its first flight in 2027, though it has yet to conduct any launch, as highlighted by The Next Web. The new billion‑dollar war chest will fund expanded manufacturing footprints and the development timeline, according to geekwire.com, positioning the firm to capture satellite‑constellation contracts pending successful demonstration.