Stoke Space
Summary Updated Sep 8, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
Founders
About
Stoke Space is a Kent, Washington launch vehicle company developing Nova, a fully and rapidly reusable orbital rocket architecture in which both the first and second stages return to Earth for reflight 12. Co-founded in 2019 by Andy Lapsa and Tom Feldman, the company is targeting Nova Pathfinder’s first orbital launch in early 2027 and a 15-ton-payload Nova Block 2 by 2029 2. On September 8, 2026, Stoke announced an initial $1 billion closing of a Series E co-led by Point72 Ventures and Spark Capital, bringing total funding to approximately $2.3 billion 123.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-09-08 | Series E | $1B | Point72 Ventures, Spark Capital | General Innovation, Glade Brook Capital, US Innovation Technology, Washington Harbour Partners, Woven Capital, Y Combinator 123 |
What Investors Say
Chris Morales, Partner at Point72 Ventures: “Stoke is pursuing what we see as one of the most important opportunities in space transportation: making launch fully reusable, reliable, and scalable” 2.
Clay Fisher, General Partner at Spark Capital: “Full reusability is the inevitable end state of the market, providing an order-of-magnitude cost and service advantage over partially reusable rockets” 2.
What Founders Say
Andy Lapsa, Co-Founder and CEO: “Every mature transportation system is built around fully reusable vehicles. It’s the only way to reach the cost floor while scaling availability” 2.
Andy Lapsa on the Series E: “This round is really to scale. To lay the infrastructure, to scale in production and flight frequency, and importantly to fund the development of the second generation vehicle” 1.
Sources
-
TechCrunch, “Stoke Space raises another billion to rival SpaceX at re-flying rockets,” September 8, 2026. Accessed September 2026. https://techcrunch.com/2026/09/08/stoke-space-raises-another-billion-to-rival-spacex-at-re-flying-rockets/↩↩↩↩
-
Stoke Space press release, “Stoke Space Raises $1 Billion to Accelerate Fully Reusable Launch,” September 8, 2026. Accessed September 2026. https://www.stokespace.com/news/stoke-space-series-e↩↩↩↩↩↩↩
-
TechStartups, “Startup Funding News Today, September 8, 2026: Mistral AI, Stoke Space, ARC Ride & More,” September 8, 2026. Accessed September 2026. https://techstartups.com/2026/09/08/startup-funding-news-today-september-8-2026/↩↩