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Top related persons:
Chad Anderson - 1 Anderson - 1 Steve Angel - 1 fundraise - 1 Bill Gates - 1 Andy Lapsa - 1 Elon - 1 Lapsa - 1
Top related locs:
New York Washington Stoke
Top related orgs:
CNBC - 2 Infrastructure - 1 Space Capital - 1 Firefly Aerospace - 1 Ursa - 1 Space - 1 Stoke Space - 1 Linde - 1

Search resuls for: "Stoke Space"


3 mentions found


☆ Space investment rebounded in 2023 with heavy sector M&A, report says
  + stars: | 2024-01-16 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com   time to read: +2 min
Investment in the space sector bounced back last year, rebounding closer to the record high of 2021, according to a report Tuesday by New York-based Space Capital. The firm's fourth-quarter report found that space infrastructure companies brought in $2.6 billion of private investment during the period. Top raises during the fourth quarter included funds announced by space companies Firefly Aerospace, Ursa Major, D-Orbit, Stoke Space and True Anomaly. The quarterly Space Capital report divides investment in the industry into three technology categories: infrastructure, distribution and application. Space infrastructure companies have been resilient through the recent downturn.
Persons: Chad Anderson, Anderson Organizations: Infrastructure, Space Capital, Firefly Aerospace, Ursa, Space, CNBC Locations: New York
☆ Washington reusable rocket startup Stoke Space raises $100 million
  + stars: | 2023-10-05 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com   time to read: +2 min
Washington-based startup Stoke Space raised $100 million in new funds, the company announced Thursday, as it aims to develop a fully reusable rocket called "Nova." Stoke's latest investment round was led by Industrious Ventures – with the firm's Steve Angel, chairman of chemicals giant Linde , joining the Stoke board of directors. While a number of U.S. companies are aiming to develop reusable rockets to compete with the success of Elon Musk's SpaceX, Stoke is taking a different approach from its rivals. Stoke is developing Nova to be a "medium" class rocket that can deliver 5,000 kilograms to low Earth orbit. That puts Nova in the middle of the launch market, between Rocket Lab's "light" Electron and SpaceX's "heavy" Falcon 9 in terms of capability.
Persons: Steve Angel, fundraise, Bill Gates, Andy Lapsa, Elon, Lapsa, Nova Organizations: Stoke Space, Linde, Stoke, University of Michigan, Sparta Group, Breakthrough Energy, Point72 Ventures, MaC Ventures, Toyota Ventures, CNBC, SpaceX Locations: Washington, Stoke
☆ Bill Gates' climate investment firm is backing this reusable rocket startup
  + stars: | 2023-01-09 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +3 min
Stoke Space is developing a clean-fueled, rapidly reusable rocket that can deliver satellites into earth's orbit, while protecting the earth itself by creating fewer emissions. Stoke Space is still in the first stages of testing the rocket and is a long way off from taking satellites into space. But its plans are ambitious and built around the idea of launching more satellites to combat climate change. We started thinking many years ago around how do we deploy more satellites focused on climate problems? In addition to Breakthrough Energy, investors include Spark capital, Toyota Ventures, Point72 Ventures, MaC Venture Capital and NFX Ventures.
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