Stoke Space lines up $150M Pentagon loan for a second launch pad in Florida
Kent, Washington-based Stoke Space received a conditional commitment for a $150 million loan from the Department of War's Office of Strategic Capital to construct a second launch pad at Cape Canaveral for its larger Nova Block 2 rocket. The loan requires Stoke to meet financial, legal, technical and due-diligence criteria. This announcement follows Stoke's Series E round that raised approximately $1 billion and brought total funding to $2.3 billion. The new pad will support Nova Block 2, designed to carry up to 15 metric tons to low Earth orbit, launching in 2029.
Key points
- $150M Pentagon loan for second Cape Canaveral launch pad
- Follows $1B Series E round raising total funding to $2.3B
- Will support Nova Block 2 rocket (15 MT capacity)
- Block 2 launch targeted for 2029
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