Stoke Space has raised $510M in Series D funding, supporting the first launch of its reusable Nova rocket. The latest investment round was led by Thomas Tull's USIT (US Innovative Technology Fund). This was in conjunction with a $100M debt facility led by Silicon Valley Bank.

Also participating were Washington Harbour Partners LP and General Innovation Capital Partners. Existing backers involved include 776, Breakthrough Energy, Glade Brook Capital, Industrious Ventures, NFX, Sparta Group, Toyota Ventures and Woven Capital.