Stoke Space secures $1B Series E to advance reusable rocket ambitions
Stoke Space has completed the initial closing of a $1 billion Series E funding round, the company announced recently. The capital raise is intended to help the aerospace startup achieve orbital flight capability. Stoke Space also plans to use the funds to develop and prepare a new, larger rocket for operational use. The company is positioning itself as a competitor to SpaceX in the reusable rocket market.
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