Stoke Space

100% reusable rockets for seamless mobility to, through, and from space

Space / Defense 📍 Kent, Washington Founded 2019

Current Valuation

$3.4B

as of 2026-Q1

UNICORN

Stoke Space is developing Nova, a fully and rapidly reusable medium-lift launch vehicle designed to provide high-frequency access to orbit. The company's pioneering approach uses an actively cooled metallic heat shield integrated with the upper-stage engine, enabling both stages to be reused. Stoke aims to reduce the cost of access to space by 20x and support dynamic space operations including satellite deployment, asset capture and return, and space debris removal.

Company Profile

CEO

Andy Lapsa

Founded

2019

Kent, Washington

Employees

251-500

Total Raised

$1.3B

Growth

Unicorn valued at $3.419B; raised $860M Series D in 2025-2026; selected for $5.6B NSSL Phase 3 program

Last Round

Series D-2 — $350M (Feb 2026)

IPO Status

Private

Founders & Key People

Andy LapsaTom Feldman

Investors

US Innovative Technology Fund (USIT) · 776 Capital (Seven Seven Six) · Breakthrough Energy Ventures · Glade Brook Capital Partners · Industrious Ventures · NFX · Sparta Group · Toyota Ventures · Woven Capital · Washington Harbour Partners · General Innovation Capital Partners · Silicon Valley Bank · Point72 Ventures · Y Combinator · Spark Capital · Leitmotif · University of Michigan · Long Journey Ventures · Alameda Research · Global Founders Capital · MaC Venture Capital · Liquid 2 Ventures · Trevor Blackwell · Charlie Songhurst · Kyle Vogt · Soma Capital · In-Q-Tel · US National Science Foundation

Products

Nova (fully reusable medium-lift launch vehicle)
Zenith (full-flow staged combustion engine)
Andromeda 2 (upper-stage rocket engine)
Actively cooled metallic heat shield

Competitors

SpaceX · Rocket Lab · Blue Origin · Relativity Space · Firefly Aerospace · United Launch Alliance (ULA)

AerospaceReusable rocketsSpace launchMedium-lift launch vehicleSpace technologyNational security spaceUnicornDeep techHardware