Stoke has successfully raised $510 million in Series D funding as of September 23, 2025, to enhance the manufacturing capabilities of its fully reusable Nova launch vehicle. The funding round was led by Thomas Tull’s US Innovative Technology Fund (USIT), with additional contributions from various investors, marking a significant milestone in Stoke's growth trajectory in the launch vehicle sector.

Stoke Space has successfully completed its first hotfire test of the new full-flow, staged-combustion (FFSC) rocket engine, which will power the first stage of Nova, its fully reusable medium lift launch vehicle. This technical milestone marks a significant advancement for Stoke, positioning the company to deliver the most robust and rapidly reusable medium lift rocket globally.