The fuel for a fully reusable rocket that can unlock truly low-cost access to space isn’t methane or liquid oxygen. It’s cash, and Stoke Space Technologies is tanking up. The company has now “completed the initial closing” of a $1 billion Series E round intended to help it reach orbit and prepare a new, larger rocket for operations.
“This round is really to scale,” CEO Andy Lapsa told TechCrunch. “To lay the infrastructure, to scale in production and flight frequency, and importantly to fund the development of the second generation vehicle.”
