Stoke Space Ignites a New Era in Spaceflight with the Fully Reusable Nova Launcher

Stoke Space, developing 100% reusable Nova rockets, led by Andy Lapsa, Tom Feldman, and Kelly Hennig, has secured $510 million in Series D funding led by Thomas Tull’s US Innovative Technology Fund (USIT) with support from Washington Harbour Partners LP and General Innovation Capital Partners, and existing partners 776, Breakthrough Energy, Glade Brook Capital, Industrious Ventures, NFX,  Sparta Group, Toyota Ventures, Woven Capital, among others, in conjunction with a $100 million debt facility led by Silicon Valley Bank.

Earlier this year, the U.S. Space Force awarded Stoke a National Security Space Launch contract, underscoring the growing demand for medium-lift capacity across commercial, defense, and next-generation architectures like the Golden Dome. The fully and rapidly reusable Nova launch vehicle is being built to deliver high-frequency access to orbit and enable missions to, through, and from space, from constellation deployment to in-space mobility and downmass.

Since its Series C, Stoke has successfully completed mission duty cycle testing on both Stage 1 and Stage 2 flight-like engine configurations and advanced structural qualification for each stage. Significant progress has also been made on the refurbishment of Launch Complex 14 at Cape Canaveral Space Force Station, Florida, set for activation in early 2026.

The new funding will accelerate production of the Nova launch vehicle and complete the activation of Launch Complex 14 at Cape Canaveral. Stoke will also invest in its supply chain, Boltline product, and supporting infrastructure to enable high-cadence launch operations and strengthen the U.S. space industrial base.