Kent, Wash.-based Stoke Space Technologies says it has added another $350 million to its previously announced Series D financing round, bringing the amount raised in the round to $860 million.
The fresh funding will go toward completing activation of the company’s Florida launch complex and expanding production capacity for its fully reusable Nova launch vehicle. Additional capital will be used to accelerate future elements on Stoke’s product road map.
Terms of the round were not disclosed. With the extension of the Series D round, Stoke has raised $1.34 billion to date.
The medium-lift Nova rocket is currently under development. First liftoff from Launch Complex 14 at Cape Canaveral Space Force Station is expected sometime this year.
