Firm developing a fully reusable rocket raises a quarter of a billion dollars

Stoke Space has raised $260 million in Series C funding for Nova, a fully reusable medium-lift rocket. The company aims to provide low-cost, on-demand launch services with both stages landing back on Earth. This investment, bringing total funding to $480 million, comes during a challenging period for space company funding. Stoke's focus on full reusability and efficient engine design aims to meet growing demand for affordable launch services.