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§ Private Profile · Seattle, WA, USA
We’re on a mission, and it starts with 100% reusable rockets.
Stoke Space has raised $1.9B across 7 funding rounds.
Key people at Stoke Space.
Stoke Space was founded in 2019 by Tom Feldman (Founder) and Andy Lapsa (Founder).
Stoke Space has raised $1.9B in total across 7 funding rounds.
Stoke Space delivers goods to and from orbit using 100% reusable rockets designed to fly daily.
Stoke Space is an aerospace company on a mission to revolutionize space access with 100% fully reusable rockets, aiming to drastically reduce launch costs and environmental impact while enabling rapid, aircraft-like launch cadence. Their flagship product, the Nova rocket, features a fully reusable two-stage design with advanced liquid hydrogen/liquid oxygen propulsion and robust thermal protection, enabling rapid turnaround and multiple engine restarts. This technology serves commercial, defense, and emerging space economy customers by providing affordable, on-demand access to any orbit, supporting satellite deployment, in-space asset mobility, and cargo return missions. Stoke Space’s approach unlocks new mission types and business opportunities, positioning them as a key enabler in scaling a sustainable and dynamic space economy[1][2][3][4].
Founded in 2019 by CEO Andy Lapsa (PhD), CTO Tom Feldman, and COO Kelly Hennig, Stoke Space emerged from the conviction that the future of spaceflight depends on fully and rapidly reusable rockets operating with aircraft-like frequency. The founders identified a gap in the market for a launch system designed from the outset for full reusability, unlike partially reusable rockets currently in use. Early milestones include successful static fires, a flight demonstration of a reusable upper stage prototype in 2023, and rapid engine development culminating in a full-flow staged combustion engine test in 2024. The company has also secured a National Security Space Launch contract from the U.S. Space Force and raised $510 million in 2025 to scale manufacturing and activate Launch Complex 14 at Cape Canaveral[3][4][5][6][7].
Stoke Space rides the critical trend toward fully reusable launch vehicles that can operate with the frequency and reliability of aircraft, a necessary evolution to meet growing demand for satellite constellations, national security launches, and emerging space logistics. The timing is pivotal as the space economy expands rapidly, and current partially reusable systems face limits in cadence and cost reduction. Market forces favor companies that can deliver high-frequency, low-cost, and sustainable access to space. Stoke’s innovations contribute to strengthening the U.S. space industrial base and advancing national security capabilities while fostering a scalable, sustainable space economy. Their approach also enables new in-space operations, such as asset repositioning and downmass return, broadening the scope of commercial and government space activities[2][3][7].
Stoke Space is poised to become a leading player in the next generation of space launch by demonstrating and scaling its fully reusable Nova rocket. With substantial funding and government contracts secured, the company is focused on completing development, activating historic Launch Complex 14, and ramping up production for high-cadence operations. Future trends shaping their journey include increasing satellite constellation deployments, demand for rapid and flexible launch services, and growing emphasis on sustainability in aerospace. Stoke’s influence is likely to grow as they prove the economic and operational viability of fully reusable rockets, potentially setting new industry standards and enabling a more accessible and sustainable space economy. Their mission to unlock the space economy with 100% reusable rockets ties directly back to their founding vision of making spaceflight as routine and scalable as air travel[3][6][7].
Key people at Stoke Space.
Stoke Space has raised $1.9B across 7 funding rounds. Most recently, it raised $350.0M Series D Extension in February 2026.
Stoke Space was founded in 2019 by Tom Feldman (Founder) and Andy Lapsa (Founder).
Stoke Space has raised $1.9B in total across 7 funding rounds.
Stoke Space's investors include Silicon Valley Bank, Thomas Tull, Breakthrough Energy Ventures, General Innovation Capital, Glade Brook Capital, Industrious Ventures, NFX, Seven Seven Six, Sparta Group, Toyota Ventures, Washington Harbour Partners, Woven Capital.
