Reusable rocket startup Stoke has raised another massive $260 million round

Y Combinator alum Stoke Space has just filed Series C worth $260 millionBringing the total amount to $480 million. This comes after raising $100 million in October 2023, and $75 million in December 2021.

The company was founded in 2019 by Blue Origin veterans Andy Labsa and Tom Feldman, who began his career as an intern at SpaceX. Stoke attended YC’s Winter 2021 collection.

The space startup has an ambitious goal to build the first fully reusable rocket, meaning both the booster and the second stage. Last month, she shared a video of Successful test For its rocket engine in the first stage. The money will help it build its new facility at the historic Cape Canaveral Space Force Station in Florida.

Investors in this latest round include Breakthrough Energy Ventures, Glade Brook Capital Partners, Industrial Ventures, Point72 Ventures, Seven Seven Six, Y Combinator, and several others.