Stoke Space, the rocket company building the world's first 100% reusable medium-lift rocket, announced that it has raised $260 million in new Series C investment to drive continued growth and innovation. This investment more than doubles the company's total funding, bringing it to $480 million.

The funding round involves new and existing investors including Breakthrough Energy Ventures, Glade Brook Capital Partners, Industrious Ventures, Leitmotif, Point72 Ventures, Seven Seven Six, the University of Michigan, Woven Capital, and Y Combinator, among others.