Fundraising Fox

Stoke Space

YC W21

Seattle, US · Founded 2019 · Delaware corporation · 305 employees · Hiring · 42 known investors

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 Inc · STOKE Space Technologies · Stoke · Stoke Space Technologies

Advanced ManufacturingDeep TechHardwareSpace TechSpace ExplorationSatellitesUnited States of AmericaAmerica / CanadaPartly Remote

Founders & leadership· Y Combinator alumni (W21)

Stoke Space was founded in 2019 by Andy Lapsa and Tom Feldman.

ALAndy Lapsa
Andy LapsainFounder
TFTom Feldman
Tom FeldmaninFounder
KH
Kelly HennigExecutive

Board

CGChristian Garcia
Christian Garciain𝕏Investor and Board DirectorBreakthrough Energy Ventures at Breakthrough Energy Ventures
PHPhil Harris
Phil HarrisinBoard directorInvestor at Glade Brook Capital Partners
MBMorgan Beller
Morgan Bellerin𝕏Board directorInvestor at NFX
KWKevin Weil
Kevin Weilin𝕏Board MemberOperator in Residence at Scribble Ventures
HKHans Koenigsmann
Hans KoenigsmannBoard Member
MWMatt White
Matt WhiteBoard Member
JSJohn Shaw
John ShawinIndependent Director, Board of DirectorsAdvisor at Industrious Ventures
SASteve Angel
Steve AngelinMember Board of DirectorsAdvisor at Industrious Ventures

Investors · 42

Also in the syndicate · 8

776Breakthrough EnergyGeneral Innovation Capital PartnersGlade Brook CapitalSparta GroupUniversity of MichiganUS Innovative Technology Fund (USIT)leadWashington Harbour Partners LP

Reported raises · per SEC filings

Form D private placements

$1.1B disclosed across 6 of 10 rounds · 2020–2026

$275MraisedApr 2026 · 28 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • 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
Full filing on SEC EDGAR ↗
$410MraisedNov 2025 · 29 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • 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
Full filing on SEC EDGAR ↗
$183.8MraisedJan 2025 · 25 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • 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
Full filing on SEC EDGAR ↗
$146MraisedJan 2025 · 68 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • 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
Full filing on SEC EDGAR ↗
$65MraisedDec 2021 · 32 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • 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
Full filing on SEC EDGAR ↗
$9.1MraisedMay 2021 · 37 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • 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
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Stoke 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 reported
Claimed atmospheric impact reduction vs. most prolific rocketsJan 202698%
Claimed cost-to-orbit reductionJan 202620x reduced cost to orbit
HeadcountAug 2026438
Headquarters facility sizeJan 2026168,000 square feet
Moses Lake Test Site sizeJan 202675 acres
Total capital raised to dateFeb 2026$1.3B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Founder mafia

5 people who came through Stoke Space went on to found or lead other companies.

Competitors · 5

by search overlap
SpaceX165 shared keywordsRevolutionizing space technology to make life multi-planetary
Capella Space131 shared keywordsCapella Space designs, builds, and operates synthetic aperture radar (SAR) satellite constellations that provide all-weather, day-and-night Earth observation imagery at sub-0.25m resolution. It offers an automated end-to-end tasking and data delivery platform serving defense and intelligence, maritime, disaster response, and infrastructure monitoring customers.
Rocket Lab Public93 shared keywordsRocket Lab is an end-to-end space company providing launch services with its Electron and in-development Neutron rockets, along with spacecraft design and manufacturing, satellite components, space solar cells, and flight and ground software. It serves commercial and government satellite operators.
Relativity Space75 shared keywordsRelativity Space develops Terran R, a reusable medium-to-heavy-lift rocket designed for efficiency and scalability, serving government entities, telecommunications companies, and commercial customers for space access missions. The company focuses on making space exploration more accessible, reliable, and sustainable.
Firefly Aerospace56 shared keywordsFirefly Aerospace launches, lands, and operates space systems spanning Earth orbit to the Moon and cislunar space, serving customers such as commercial companies, NASA, and the U.S. Space Force. It develops the Alpha and Eclipse launch vehicles, Blue Ghost lunar landers, and Elytra orbital vehicles for payload delivery and in-space services.

Companies competing with Stoke Space for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 12

launches, deals, and filings
Jul 2026
Kevin Weil joins board of directors

Technology executive Kevin Weil joined Stoke Space's board of directors.

source ↗

Feb 2026
Series D extended to $860 million

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 ↗

Jan 2026
Launch Complex 14 at Cape Canaveral reactivated

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.

source ↗

Jan 2026
Nova Stage 1 completes proto-qualification testing

source ↗

Jan 2026
NASA partnership to advance Nova upper stage re-entry capabilities

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.

source ↗

Oct 2025
$510 million Series D and $100 million debt facility

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 ↗

Apr 2025
Andromeda engine hotfire above 100% power level

source ↗

Jan 2025
Stoke Space announces $260 million Series C

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 ↗

Jan 2025
U.S. Space Force National Security Space Launch contract award

The U.S. Space Force awarded Stoke a National Security Space Launch contract expanding U.S. access to space.

source ↗

Dec 2024
Vertical hotfire of Zenith full-flow staged combustion engine

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.

source ↗

Feb 2024
Reentry heat shield demonstrated at flight heating conditions

source ↗

Sep 2023
Flight demonstration of full-scale reusable upper stage prototype

Stoke flew a full-scale prototype of its reusable upper stage.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Stoke SpaceDelaware

In the news

Research sources · 8

primary sources listed

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), Aurelia Foundry, Balerion Space Ventures, Beyond Capital, Beyond Earth Ventures, Breakthrough Energy Ventures, Cross Culture Ventures, Evolution VC Partners and 26 more.
How much funding has Stoke Space raised?
Stoke Space has disclosed $1.1B raised across 6 of its 10 known rounds.
Where is Stoke Space headquartered?
Stoke Space is headquartered in Seattle, US.