Space Exploration Startup Stoke Space Secures $260 Million in Series C Funding
Stoke Space, a pioneering startup in the realm of space exploration, has recently made waves by securing a substantial $260 million in its latest series C funding round. This achievement brings the company’s total funding to an impressive $480 million, following previous fundraising milestones of $100 million in October 2023 and $75 million in December 2021.
Founded in 2019 by industry veterans Andy Lapsa and Tom Feldman, both of whom boast extensive experience from their tenure at Blue Origin and SpaceX, respectively, Stoke Space has quickly made a name for itself in the competitive space industry. Notably, Feldman kickstarted his career as an intern at SpaceX before co-founding Stoke Space. The company’s participation in the winter 2021 Y Combinator cohort further solidified its position as an emerging leader in the space technology sector.
At the core of Stoke Space’s mission lies an ambitious goal to develop the world’s first fully reusable rocket, encompassing both the booster and second stage components. A recent milestone in this journey was marked by the successful test of the company’s first-stage rocket engine, a pivotal moment that showcased Stoke Space’s innovative approach and technological prowess. The infusion of capital from the series C funding will fuel the development of Stoke Space’s new state-of-the-art facilities at Florida’s historic Cape Canaveral Space Force Station, positioning the company for future success and growth in the dynamic space industry landscape.
Noteworthy investors in Stoke Space’s latest funding round include prominent names such as Breakthrough Energy Ventures, Glade Brook Capital Partners, Industrious Ventures, Point72 Ventures, Seven Seven Six, and Y Combinator, among others. This diverse and high-profile group of backers underscores the industry-wide recognition and support for Stoke Space’s groundbreaking vision and potential impact on the future of space exploration.
With its innovative approach, experienced leadership, and significant financial backing, Stoke Space is poised to revolutionize the space technology sector and pave the way for new possibilities in space exploration. As the company continues on its trajectory of growth and innovation, the sky is truly the limit for Stoke Space and its pioneering mission in the vast expanse of space.
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