Overview

• Stoke Space said it raised $510 million in a round led by Thomas Tull’s US Innovative Technology Fund to accelerate development of its Nova launch vehicles.
• New investors include Washington Harbour Partners and General Innovation Capital Partners, with participation from 776, Breakthrough Energy, Glade Brook Capital and Toyota Ventures.
• The company holds a National Security Space Launch contract from the U.S. Space Force and points to growing defense needs for medium‑lift capacity, including the proposed Golden Dome missile defense system.
• Nova is a fully reusable two‑stage rocket in development, with a liquid‑cooled upper‑stage heat shield proven in 2022 hop tests and a first‑stage booster nearing completion for a test flight targeted next year.
• Stoke previously closed a $260 million Series C in January and is building out facilities in Washington state and a Cape Canaveral launch site to support manufacturing, testing and flights.