Reusable rocket startup Stoke raised another massive round: $260M

The Y Combinator Alum Stoke Space has just been raised A $260 million Series CBringing his total raised to $480 million. This is followed by $100 million in October 2023 and $75 million in December 2021.

The company was founded in 2019 by Blue Origin veterans Andy Lapsa and Tom Feldman, who began his career as a SpaceX intern. Stoke participated in the Winter 2021 YC cohort.

The space startup has an ambitious goal of building the first fully reusable rocket, meaning both boosters and second stages. shared its video last month A successful test Its first stage rocket engine. The cash will help it build its new facilities at the historic Cape Canaveral Space Force Station in Florida.

Investors in this latest round include Breakthrough Energy Ventures, Glade Brook Capital Partners, Industrious Ventures, Point72 Ventures, Seven Seven Six, Y Combinator and more.