Update: Stoke Space has raised $510 million in Series D funding to accelerate development of its fully reusable medium-lift rocket. Check out the full story.
Previously: Stoke Space, one of the Seattle area’s up-and-coming space startups, is said to be raising hundreds of millions of dollars in a funding round that it hasn’t yet publicly acknowledged. A report about the round, based on two unidentified sources, was published today by The Information.
The Information quoted its sources as saying that the funding round could total as much as $500 million, and would value Stoke at nearly $2 billion. That figure would be roughly twice as much as the $944 million valuation that was cited by Pitchbook as of January. The round’s lead investor is said to be Thomas Tull’s United States Innovative Technology Fund.
