Stoke Space Looks To Blast Off With $260M Series C

Startups • Transportation & Logistics • Venture

Stoke Space Looks To Blast Off With $260M Series C

January 15, 2025

Illustration of rocket ship breaking atmosphere with money background

Chris Metinko

Reusable rocket startup locked up a $260 million Series C as the space tech sector looks to build off a successful 2024 in terms of fundraising.

The Kent, Washington-based company is developing fully reusable rockets that make low-cost access to and from space possible. It intends to use the new funding to complete construction of its聽 Nova launch vehicle at the Cape Canaveral Space Force Station in Florida.

鈥淲e deeply appreciate the confidence investors have placed in Stoke and our mission,鈥� said co-founder and CEO in a . 鈥淭his new investment validates our progress and enables us to accelerate the development of technologies that will redefine access to and from space.鈥�

The new round involves new and existing investors including , , , , , , the , , and others.

Founded in 2019, Stoke has raised more than $480 million, per the company.

Funding jump

After a slow-ish 2023, last year saw a little bit of a bounce-back for the space tech industry in venture funding.

In 2024, VC-backed space tech startups raised $8.3 billion, per 萝莉视频 . That number is a 17% jump from the $7.1 billion raised in 2023, but short of the $9.2 billion invested in 2022.

Some of the bigger raises by U.S.-based space tech firms included raising a $200 million round co-led by and in July to build out its Omega satellite program, and , a space transportation startup, which raised a $175 million Series D led by at a valuation of more than $2 billion in November.

Just this week, space infrastructure startup raised a $170 million funding round led by and .

萝莉视频