Stoke Space
Unicorn · $10BYC W21Seattle, US · Founded 2019 · Delaware corporation · 305 employees · Hiring · 66 known investors
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Stoke Space develops fully reusable rockets for space transportation and mobility services. The company focuses on rapid iteration from prototype to launch, with a mission to enable seamless mobility to, through, and from space.
Also known as STOKE Space Technologies, Inc · Stoke Space Technologies, Inc. · Inc · STOKE Space Technologies · STOKE Space Technologies, Inc, STOKE Space Technologies · Stoke · Stoke Space Technologies
Founders & leadership· Y Combinator alumni (W21)
Stoke Space was founded in 2019 by Andy Lapsa and Tom Feldman.

Board





Investors · 66
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Also in the syndicate · 5
Funding
SEC filings, press & company announcements$1.9B disclosed across 7 of 12 rounds · 2020–2026
- Undisclosed amountSeries ESep 2026
Point72 Ventures (lead), Spark Capital (lead)
Source ↗ - $860MSeries DFeb 2026Source ↗
▶$275MraisedApr 2026 · 28 investors · Other TechnologyRule 506(b)
- Jennifer LurieExecutive Officer
- Andrew LapsaExecutive Officer, Director
- Peter TagueDirector
- Christian GarciaDirector
- Timothy BeardExecutive Officer
- John ShawDirector
- Matthew WhiteDirector
- Phil HarrisDirector
- Thomas FeldmanExecutive Officer, Director
- Hans KoenigsmannDirector
- Offering amount
- $350M
- Amount sold
- $275M
- First sale
- Feb 2026
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$410MraisedNov 2025 · 29 investors · Other TechnologyRule 506(b)
- Christian GarciaDirector
- Phil HarrisDirector
- Kelly HennigExecutive Officer
- John ShawDirector
- Thomas FeldmanExecutive Officer, Director
- Matthew WhiteDirector
- Andrew LapsaExecutive Officer, Director
- Hans KoenigsmannDirector
- Elizabeth SteinDirector
- Offering amount
- $410M
- Amount sold
- $410M
- First sale
- Sep 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$183.8MraisedJan 2025 · 25 investors · Other TechnologyRule 506(b)
- Thomas FeldmanExecutive Officer, Director
- John ShawDirector
- Christian GarciaDirector
- Steve AngelDirector
- Kelly HennigExecutive Officer
- Phil HarrisDirector
- Andrew LapsaExecutive Officer, Director
- Offering amount
- $260M
- Amount sold
- $183.8M
- First sale
- Dec 2024
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$146MraisedJan 2025 · 68 investors · Other TechnologyRule 506(b)
- Thomas FeldmanExecutive Officer, Director
- Kelly HennigExecutive Officer
- Phil HarrisDirector
- Andrew LapsaExecutive Officer, Director
- Steve AngelDirector
- Christian GarciaDirector
- John ShawDirector
- Offering amount
- $146M
- Amount sold
- $146M
- First sale
- Sep 2023
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$65MraisedDec 2021 · 32 investors · ManufacturingRule 506(b)
- Thomas FeldmanExecutive Officer, Director
- Christian GarciaDirector
- Andrew LapsaExecutive Officer, Director
- Offering amount
- $65M
- Amount sold
- $65M
- Minimum investment
- $1
- First sale
- Nov 2021
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$9.1MraisedMay 2021 · 37 investors · ManufacturingRule 506(b)
- Thomas FeldmanExecutive Officer, Director
- Andrew LapsaExecutive Officer, Director
- Morgan BellerDirector
- Offering amount
- $9.1M
- Amount sold
- $9.1M
- First sale
- Dec 2020
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Company profile
researched Aug 2026Stoke Space (also referred to as Stoke Space Technologies) is a launch company developing Nova, a medium-lift rocket designed to be 100% reusable in both stages. The company positions Nova as providing on-demand access to any orbit, with a stated 20x reduction in cost to orbit, and describes applications spanning satellite constellation deployment, in-space mobility, capture and reposition of assets, long-dwell operations, space cargo and logistics, and return of assets from orbit (downmass). Stoke also states that Nova will reduce atmospheric impact by 98% relative to the most frequently flown rockets today [0][1][6][7].
Technically, Stoke has developed Zenith, a full-flow staged combustion first-stage engine, which it vertically hotfired in December 2024; the company states that with Zenith it became one of only two entities globally to successfully develop and test a full-flow staged combustion engine. Its second stage uses what the company describes as the world's first actively cooled metallic reentry heat shield, integrated with the upper-stage engine to enable rapid reuse; the heat shield was demonstrated at flight heating conditions in February 2024. Stoke flew a full-scale prototype of its reusable upper stage in September 2023 and hotfired its Andromeda engine above 100% power level in April 2025. Nova's Stage 1 structure has completed proto-qualification testing [0][1][2][7].
The company operates a vertically integrated model across three sites: a 168,000-square-foot production and operations headquarters in Kent, Washington, where it prints thrust chambers and heat shield panels, assembles engines, writes flight software, and builds avionics, structures and tanks; the 75-acre private Moses Lake Test Site in Washington, roughly a three-hour drive away, with multiple engine test stands, component test bays and cryogenic testing; and Launch Complex 14 at Cape Canaveral Space Force Station, Florida, allocated to Stoke by the U.S. Space Force and intended to support daily launches and landings of Nova [0][1][5][6].
Founding story
Stoke was co-founded by Andy Lapsa (CEO) and Tom Feldman (CTO), who state they started the company with the end goal of 100% fully and rapidly reusable rockets [3].
Business model
Stoke develops and intends to operate its own reusable launch vehicle, selling launch and in-space transportation services rather than hardware. The company cites a manifest of contracted commercial launches alongside government awards, and is investing in production capacity, supply chain and launch infrastructure to support high-cadence operations [6]. It also references a product called Boltline as an area of investment [6].
Traction
Stoke has completed a September 2023 flight demonstration of a full-scale reusable upper-stage prototype, a February 2024 heat shield demonstration at flight heating conditions, a December 2024 vertical hotfire of the Zenith full-flow staged combustion engine, an April 2025 Andromeda engine hotfire above 100% power level, mission duty cycle testing on Stage 1 and Stage 2 flight-like engine configurations, structural qualification progress on both stages, and proto-qualification testing of the Nova Stage 1 structure. Refurbishment of Launch Complex 14 progressed toward activation scheduled for early 2026. The company reports a U.S. Space Force National Security Space Launch award and a manifest of contracted commercial launches [0][2][6].
Latest developments
In July 2026 Stoke announced that technology executive Kevin Weil joined its board of directors. NASA selected Stoke for a partnership under its Space Technology Mission directorate to advance upper-stage re-entry capabilities for Nova. In February 2026 the company extended its Series D financing to $860 million, bringing total capital raised to $1.34 billion, with proceeds to accelerate future elements of its product roadmap [0][2][3][4].
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Stoke describes Nova as addressing a gap in medium-lift launch capacity for commercial, defense and emerging architectures such as Golden Dome. It received a U.S. Space Force National Security Space Launch contract in 2025 and states it is one of only two entities globally to have developed and tested a full-flow staged combustion engine [6][7].
Full and rapid reusability of both stages, including a reusable upper stage enabled by an actively cooled metallic reentry heat shield that Stoke describes as the world's first; a full-flow staged combustion first-stage engine; and vertical integration with an adjacent private test site enabling rapid build-and-test cycles [0][5][7].
Technology
Nova is a two-stage, fully and rapidly reusable medium-lift launch vehicle. The first stage is powered by Zenith, a full-flow staged combustion engine first vertically hotfired in December 2024. The upper stage combines a high-efficiency engine (Andromeda, hotfired over 100% power level in April 2025) with an actively cooled metallic reentry heat shield, which Stoke describes as the first of its kind and which was demonstrated at flight heating conditions in February 2024. A full-scale prototype of the reusable upper stage flew in September 2023. Manufacturing is vertically integrated, with engines, structures and avionics produced in days rather than months [0][1][7].
Go-to-market
Stoke pursues a combination of government contracts and awards — including a U.S. Space Force National Security Space Launch contract and technology development funding from the Space Force, DIU, NASA and the National Science Foundation — alongside a manifest of contracted commercial launches [4][6].
Commercial satellite operators requiring constellation deployment, in-space mobility and downmass services, and U.S. government and defense customers including the U.S. Space Force, DIU, NASA and the National Science Foundation [4][6].
Geography
United States. Headquarters and manufacturing in Kent, Washington (168,000 sq ft); the 75-acre Moses Lake Test Site in Washington; and launch operations at Launch Complex 14, Cape Canaveral Space Force Station, Florida [0][5].
History
Public materials document a financing and development sequence: a Series C of $260 million announced January 2025 (bringing total funding to $480 million), a $510 million Series D as of September 23, 2025 announced October 8, 2025 alongside a $100 million debt facility (total capital $990 million), and a February 2026 Series D extension to $860 million (total $1.34 billion). Over the same period Stoke moved from upper-stage prototype flight (2023) through engine and heat shield testing to refurbishing Launch Complex 14 at Cape Canaveral, a site dormant for over 50 years before Stoke's work there [2][4][6][7].
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
The Stoke Space mafia →9 people who came through Stoke Space went on to found or lead other companies.
Related companies · 10
Companies working in the same space as Stoke Space.
Timeline · 12
launches, deals, and filingsTechnology executive Kevin Weil joined Stoke Space's board of directors.
Extension of the previously announced Series D brings the round total to $860 million and cumulative funding to $1.34 billion; terms undisclosed.
$860M source ↗
Stoke refurbished the historic Launch Complex 14, dormant for over 50 years, with activation scheduled for early 2026; the complex is intended to support daily Nova launches and landings.
NASA selected Stoke Space for a partnership via NASA's Space Technology Mission directorate to advance upper stage re-entry capabilities of the Nova launch vehicle.
Series D led by Thomas Tull's US Innovative Technology Fund, closed as of September 23, 2025, alongside a $100 million debt facility led by Silicon Valley Bank; total capital raised reached $990 million.
$510M source ↗
Series C investment bringing total funding to $480 million, to be used for Launch Complex 14 construction, Nova development, and test/manufacturing facility enhancements.
$260M source ↗
The U.S. Space Force awarded Stoke a National Security Space Launch contract expanding U.S. access to space.
First-stage Zenith engine vertically test fired on a new test stand at Moses Lake, Washington; Stoke states it became one of only two entities globally to develop and test a full-flow staged combustion engine.
Stoke flew a full-scale prototype of its reusable upper stage.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 3
corporate structureIn the news
Stoke Space Raises $1 Billion to Accelerate Fully Reusable Launchstokespace.com · Sep 2026
Former OpenAI exec Kevin Weil is now on the board of Stoke Space | TechCrunchtechcrunch.com · Jul 2026▸Research sources · 8
primary sources listed
- Stoke Spacestokespace.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Stoke Space do?
- Stoke Space is a Washington-based rocket company developing Nova, a fully and rapidly reusable medium-lift launch vehicle.
- Who founded Stoke Space?
- Stoke Space was founded by Andy Lapsa, Tom Feldman in 2019.
- Who are Stoke Space's investors?
- Stoke Space's investors include Acequia Capital (AceCap), AF WPartners, ATEL Ventures, Aurelia Foundry, Balerion Space Ventures, Beyond Capital, Beyond Earth Ventures, Breakthrough Energy Ventures and 53 more.
- How much funding has Stoke Space raised?
- Stoke Space has disclosed $1.9B raised across 7 of its 12 known rounds.
- Where is Stoke Space headquartered?
- Stoke Space is headquartered in Seattle, US.











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