Stoke Space secures $1 billion Series E funding to develop larger reusable rocket

Stoke Space announced that it has “completed the initial closing” of a $1 billion Series E financing round. The capital raise is aimed at advancing the company’s efforts to achieve its first orbital flight and to fund the development of a larger, next‑generation launch vehicle that will expand its operational capabilities.

The newly secured funds will be allocated toward finalizing the design, testing, and production of the current rocket slated for its inaugural orbit, as well as accelerating the engineering work on the larger launch system intended for future missions. By securing the initial tranche of the Series E round, Stoke Space positions itself to meet its near‑term milestones while laying the financial groundwork for longer‑term growth in the commercial space market.