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Stoke Space gets $150M conditional Pentagon loan for second Cape Canaveral pad

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Stoke Space has a conditional commitment for a $150 million loan from the Department of War's Office of Strategic Capital to build a second launch pad at Cape Canaveral. The pad would serve the Nova Block 2 rocket, designed to carry up to 15 metric tons to low Earth orbit, with a debut slated for 2029. The loan is not final until Stoke meets financial, legal, technical and due-diligence requirements. According to the Department of War, the loan would be paired with private capital to pay for the pad. The commitment comes less than two months after Stoke raised roughly $1 billion in a Series E round.

AI-generated from reports · 3 hours agoUpdate

Latest updatesOct 27 06:13
Stoke Space secures $150M conditional Pentagon loan for second Cape Canaveral pad

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Oct 27
  1. GeekWire
    Stoke Space secures $150M conditional Pentagon loan for second Cape Canaveral pad

    Stoke Space has secured a conditional commitment for a $150 million loan from the Department of War's Office of Strategic Capital to build a second launch pad at Cape Canaveral. The pad would serve the Nova Block 2 rocket, designed to carry up to 15 metric tons to low Earth orbit, with a debut slated for 2029. The loan is not final until Stoke meets financial, legal, technical and due-diligence requirements, and comes less than two months after the company raised roughly $1 billion in a Series E round.

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