Stoke Space's $1B Bet on Fully Reusable Rockets as Space Startups Hit Orbit and Raise Billions

Stoke Space Technologies has completed a $1 billion Series E funding round, bringing its total capital raised to a staggering $2.3 billion. The Washington-based startup is aiming to be the first to achieve a fully reusable two-stage rocket, a feat even SpaceX hasn't yet mastered. The round, led by Point72 Ventures and Spark Capital, is fuel for what CEO Andy Lapsa calls the "infrastructure to scale" for both production and the development of a second-generation vehicle.

In...