Series D Round Nets $510 Million for Stoke Space

Reusable rocket startup raises $510 million

Stoke, a rocket startup company, raised $510 million in Series D funding, the company announced last week. The new financing more than doubled the company’s total capital, which is now $990 million. Stoke plans to use the funds to “accelerate product development and expansion,” according to the press release.  In March, the company was selected… The post Reusable rocket startup raises $510 million appeared first on Research & Development World.

Series D Round Nets $510 Million for Stoke Space

Nova Rocket CGIStoke Space recently announced that it has raised $510 million in a Series D funding round. The round was led by Thomas Tull’s US Innovative Technology Fund (USIT) in conjunction with a $100 million debt facility led by Silicon Valley Bank. Stoke’s new financing, which more than doubles its total capital raised to $990 million, will accelerate product development and expansion.“This funding gives us the runway to complete developm…