Stoke Space Plans More Powerful Rocket, Raises $1 Billion
REUTERS - U.S. rocket launch startup Stoke Space plans to build a larger vehicle for replenishing satellite constellations now that the company has closed a $1 billion funding round, CEO Andy Lapsa told Reuters, doubling down on its fully reusable rocket strategy as demand grows for launch services.
The Series E round led by Point72 Ventures and Spark Capital this month values the company at roughly $10 billion, according to a person familiar with the matter. Stoke Space has now raised $2.3 billion since its 2020 founding.
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Note: Stoke Space is headquartered in Kent.
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