Reusable "Novel" Rocket Design Raises $65 Million
Stoke Space Technologies has broken ground at their Moses Lake, Washington facility, beginning work on a planned expansion that will grow to include additional rocket technicians, test engineers, and project managers. The introductory sale of company stock has brought in $65 million in funding to continue its development on a greener, more environmentally friendly launch vehicle. The company intends to create a "fully and rapidly reusable" launch system that "will provide low-cost, on-demand access to and from any location in orbit," including low-earth orbit, geostationary points, and eventually, lunar orbit.