Y Combinator alum Stoke Space just raised $260 million Series C, for a total of $480 million. This follows $100 million raised in October 2023, and $75 million in December 2021. The company was founded in 2019 by Blue Origin veterans Andy Lapsa and Tom Feldman, who began their careers as SpaceX interns. Stoke attends the YC Winter 2021 cohort. The space startup has the ambitious goal of building a fully reusable rocket, meaning both a booster and a second stage. Last month, it showed a video of a successful test of the first stage rocket engine. The cash will help build new facilities at the historic Cape Canaveral Space Force Station in Florida. Investors in this latest round include Breakthrough Energy Ventures, Glade Brook Capital Partners, Industrious Ventures, Point72 Ventures, Seven Seven Six, Y Combinator, and several others.
