Launch Vehicles & Space Transportation   Commercial Space Industry (New Space)  

Stoke Space seeks $1 billion to accelerate development and production of fully reusable Nova rocket

Bookmark this story

Stoke Space Technologies is raising $1 billion to advance development and production of Nova, a fully reusable rocket designed to compete with SpaceX, according to people familiar with the matter. The financing would support Stoke’s effort to scale a launch vehicle positioned against SpaceX’s established market presence.

Discovered 2026-08-13T09:06:13.329557-07:00 | 2026-08-13T09:06:13.329557-07:00

Briefing

What Hype is tracking

  • A potential $1 billion financing round would provide significant capital for Stoke’s Nova rocket development and production plans.
  • Stoke’s fully reusable vehicle would intensify competition in commercial launch services, with SpaceX identified as its target.

Reported By

Bloomberg
Sources Tracked
1
First Seen
2026-08-13T09:06:13.329557-07:00
Latest Update
2026-08-13T09:06:13.329557-07:00
Coverage
Space

Sources

Hype groups these reports into one evolving story so you can compare coverage without losing the thread.

Related Coverage