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💰 Business 20d ago · 2 sources

Stoke Space secures billion in Series E funding

🐿️ The Squirrel's Take

Stoke Space's billion-dollar cash pile shows it's betting big on leapfrogging SpaceX with a larger rocket before even reaching orbit.

💡 Why it matters

This massive funding round signals that investors see a viable path for a second reusable rocket player, potentially reshaping the commercial launch market and lowering costs.

Stoke Space completed the initial closing of a $1 billion Series E round to reach orbit and develop a larger, reusable rocket. The company aims to rival SpaceX in re-flying rockets, with plans for a debut launch soon.

#stoke space #series e funding #reusable rockets #launch competition

📡 Where we spotted it (2)

Stoke Space raises another billion to rival SpaceX at re-flying rockets

With another huge infusion of cash, Stoke Space goes even bigger

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