Stoke Space is developing Nova, a medium-class launch vehicle whose booster and upper stage are both designed for rapid reusability. Nova is engineered to deliver up to 3,000 kilograms to low Earth orbit while also allowing the upper stage to return payloads from orbit. The company is constructing launch infrastructure at Cape Canaveral Space Force Station’s Launch Complex 14 and expects the site to be finished by early 2026. Proceeds from recent financings are earmarked for ramping Nova production and accelerating additional elements of the firm’s product roadmap. Led by chief executive and co-founder Andy Lapsa, Stoke Space is working with urgency to bring Nova to market, though a first-launch date has not been announced. Including its latest capital infusion, the company has raised approximately $1.34 billion to date.

Total raised

$1.4B

Funding rounds

7

Latest round

Series D

Latest activity

Feb 2026