News Summary

Stoke Space, a startup focused on developing fully reusable rockets, has successfully raised $260 million in its Series C funding round. This latest investment brings the company’s total funding to $480 million. Founded in 2019 by former Blue Origin engineers Andy Lapsa and Tom Feldman, Stoke Space aims to revolutionize space travel by creating rockets where both the booster and second stage are reusable. The funding will be used to finalize the development of their Nova reusable medium-lift rocket and to complete the construction of a launch facility at Cape Canaveral Space Force Station in Florida. Key investors in this round include Breakthrough Energy Ventures, Glade Brook Capital Partners, and Y Combinator.