Stoke Space Analysis: $9M Raised
What is Stoke Space?
Stoke Space specializes in developing 100% reusable rockets, specifically the Nova rocket. Their approach focuses on full and rapid reusability, significantly reducing costs to orbit. This innovation aims to unlock the space economy and enhance access to space for various missions.
Location
12345 68th Avenue South, Kent, Washington 98032, United States
Employees
201-500
Founded
2019
Industry
Stoke Space Operates In The Aerospace Industry, Specifically Focusing On Space Transportation And Launch Services. This Industry Involves The Design, Development, And Operation Of Vehicles And Technologies That Enable The Transportation Of Payloads, Such As Satellites And Cargo, Into Space. Stoke Space Specializes In Creating 100% Reusable Rockets, Which Significantly Reduce The Cost Of Access To Space And Enhance The Efficiency Of Launching And Repositioning Satellites. Their Innovations Aim To Support Various Missions, Including Government Space Agency Projects, Commercial Satellite Operations, And Research Initiatives, Thereby Contributing To The Growth Of The Space Economy.
Revenue
$10-50M
Business Model
Non-consumer Hardware
Funding Status
Series D
HQ Location
Kent, Washington, United States
YC Batch
S21
Product Features & Capabilities
- Nova rocket, 100% reusable, medium-lift capability, 20x reduced cost to orbit, on-demand access to any orbit, dynamic space operations, reusable upper-stage vehicle, sustainable with 98% reduced atmospheric impact, vertically integrated design and manufacturing operations.
Use Cases
Launch payloads to various orbits efficiently; Conduct space cargo and logistics missions; Enable rapid repositioning of satellites; Support long-dwell operations in space; Facilitate return of assets from orbit.
How much Stoke Space raised
1 - $9.1 million
March 1, 2021Lead Investor: Not specified in the source.
Who are the founders of Stoke Space
AL
Andy Lapsa
Founder
TF
Tom Feldman
Founder
Market Focus
Stoke Space Technologies primarily focuses on the aerospace industry, specifically on revolutionizing access to space through the development of 100% reusable rockets for affordable and sustainable space operations.
Investors
- Bill Gates
- RRE Ventures
- Coatue Management
- Founders Fund
- Space Capital
- 8VC
- The Venture Reality Fund
Competitors Overview
Stoke Space Technologies operates in the competitive landscape of reusable rocket technology, where several key players are notable competitors:
- SpaceX: A leader in the space launch industry, SpaceX has developed the Falcon 9 and Falcon Heavy rockets, both of which are partially reusable. Sp
Full Description
Stoke Space specializes in developing 100% reusable rockets, specifically the Nova rocket. Their approach focuses on full and rapid reusability, significantly reducing costs to orbit. This innovation aims to unlock the space economy and enhance access to space for various missions.
Other Considerations
Selected for U.S. Space Force's $5.6B NSSL program; Headquarters spans 168,000 square feet; Achieves 98% reduction in atmospheric impact compared to traditional rockets.
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