This funding brings Stoke's total capital raised to $2.3 billion and will support the company as it prepares for its first orbital launch, expands production and launch capacity, and accelerates development of its larger Nova Block 2 launch vehicle.

The round was co-led by Point72 Ventures and Spark Capital, with participation from General Innovation, Glade Brook Capital, US Innovation Technology, Washington Harbour Partners, Woven Capital, Y Combinator, and other new and existing investors.

Stoke is building fully and rapidly reusable launch vehicles designed to provide reliable, on-demand transportation to, through, and from space. Its vehicles are designed for rapid turnaround and high-frequency operation, dramatically lowering the cost of access while expanding the range of missions that launch systems can serve. Stoke's technology development has been supported by NASA, the U.S. Space Force, the Defense Innovation Unit, the National Science Foundation, and other commercial and government partners.