Companies · Mobility / Logistics

STOKE Space Technologies, Inc.

Kent · Mobility / Logistics · refined from filed group “Other Technology · https://www.stokespace.com/

Diligence memoA one-page analyst read on STOKE Space Technologies, Inc. — recommendation, valuation, rhythm, risks.
$813.9M
Total raised · real
5
Rounds
2.2×
Latest step-up
Top 2%
Sector rank · raised
Growth/Late
Latest stage · inferred · Tue Sep 23 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

STOKE Space Technologies, Inc. has raised $814M over 5 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the mobility sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Active
  • Last raise 9 mo ago; this sector typically re-raises about every 10 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Mobility / Logistics

STOKE Space Technologies, Inc. is one of 431 Mobility / Logistics companies tracked from Kent. By capital raised it ranks among the largest (ahead of 99% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

We're unlocking the space economy by harnessing the power of full and rapid reusability with Nova, our 100% reusable rocket.

We're unlocking the space economy by harnessing the power of full and rapid reusability with Nova, our 100% reusable rocket. It starts with 100% reusable Nova rockets. We’re unlocking the space economy by harnessing the power of full and rapid reusability with Nova, our 100% reusable rocket. Nova offers affordable access to, through, and from space with a 20x reduced cost to orbit. Our reusable upper-stage vehicle delivers on-demand access to any orbit at any time. Its unmatched capabilities enable dynamic space operations, including capture, reposition, long-dwell operations, and return of assets, as well as space cargo and logistics missions. Vertical hotfire of Zenith, our full-flow staged combustion engine, December 2024 Reentry heat shield demonstrated at flight heating conditions, February 2024 Flight demonstration of full-scale prototype of reusable upper stage, September 2023 Andromeda engine hotfire over 100% Power Level, April 2025 Our 168,000-square-foot headquarters is home to our vertically integrated design and manufacturing operations. Leveraging next-generation tools and methods, Stoke’s rocket engines, structures, and avionics are built in days, not months or years

mobility
Find Stoke Space / 100% reusable rockets / USA online

Trades publicly as Stoke Space / 100% reusable rockets / USA.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
29
Investors (latest)
2025-09-23
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3B$2.5B$3.8B$5.0BSeries A · 2020-12-21 Raised $9.1M (real) Modeled valuation $108M (est)$9.1M$108MSeries A2020Series C · 2021-11-30 Raised $65M (real) Modeled valuation $757M (est)$65M$757MSeries C2021Series D+ · 2023-09-15 Raised $146M (real) Modeled valuation $1.4B (est)$146M$1.4BSeries D+2023Series D+ · 2024-12-09 Raised $184M (real) Modeled valuation $1.5B (est)$184M$1.5BSeries D+2024Growth/Late · 2025-09-23 Raised $410M (real) Modeled valuation $3.6B (est)$410M$3.6BGrowth/Late2025+$65M+$146M+$184M+$410MCumulative $814M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$9.1M · 2020
Series C$65.0M · 2021no Series B on file
Series D+$146.0M · 2023
Series D+ extension$183.8M · 2024
Growth/Late$410.0M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 57%.

Modeled valuation trajectory
$3.6B
Base estimate est.
$2.9B
Conservative case
$4.2B
Upside case
$4.1B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks scaled by the mobility sector profile. Directional, not a quoted figure.

Series A · modeled $108.0M · 2020-12-212020Series C · modeled $756.8M · 2021-11-30Series D+ · modeled $1.4B · 2023-09-15Series D+ · modeled $1.5B · 2024-12-09Growth/Late · modeled $3.6B · 2025-09-232025
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
81%
Survival probability
70% low · 87% high
1.12×/yr
Annual markup
1.22×/yr upside case
0.8 yr
Elapsed time used
0.8 yr actual, capped for stale marks
mobility
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$171.2M/yr
Capital velocity
5.5 yr
On record since
2020
First round
5
Rounds on file
How it compares to the market

Benchmarked against 431 companies in Mobility / Logistics. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 203× above median
This company$813.9M
Sector median$4.0M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 0.8× of median
This company$410.0M
Sector median$514.7M
Modeled value — vs sector median (estimate, all stages) 150× above median
This company$3.6B
Sector median$24.2M

Raised more than 99% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

Not enough valued peers in this cohort to chart positioning.

CompanyStageRaised · realValue · estvs peer med.
STOKE Space Technologies, Inc. this companyGrowth/Late$813.9M$3.6B1.11×
Apptronik, IncGrowth/Late$752.4M$2.9B0.89×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$9.1M2020-12-21$41.6M$108.0M90%
Series C$65.0M2021-11-30$433.3M$756.8M90%
Series D+$146.0M2023-09-15$1.2B$1.4B90%
Series D+$183.8M2024-12-09$1.5B$1.5B90%
Growth/Late$410.0M2025-09-23$4.1B$3.6B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$9.1M2020-12-21
    • First recorded raise — entered as Series A.
    • 37 investors on this round.
  2. Series C$65.0M2021-11-30
    • Raised 11 mo later, in step with the ~10 mo sector norm.
    • Round 7.1× larger than the prior — scaling up.
    • 32 investors on this round.
  3. Series D+$146.0M2023-09-15
    • Raised again after 21 mo — slower than the ~10 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • 68 investors on this round.
  4. Series D+$183.8M2024-12-09
    • Raised again after 15 mo — slower than the ~10 mo sector norm.
    • Round roughly the size of the prior one.
    • 25 investors on this round.
  5. Growth/Late$410.0M2025-09-23
    • Raised 9 mo later, in step with the ~10 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • 29 investors on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~14mo cadence
$914.6M
Modeled next size est.range $594.5M$1.5B
2.2×
Last step-up
$171.2M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Christian Garcia5 other2021-11
Matthew White4 other2025-09
Elizabeth Stein3 other2025-09
John Shaw2 other2023-09
Morgan Beller2 other2020-12
Hans Koenigsmann1 other2025-09
Steve Angel1 other2023-09
Andrew Lapsa2020-12
Kelly Hennig2023-09
Phil Harris2023-09
Thomas Feldman2020-12
Registry & provenance

STOKE Space Technologies, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1861415
SEC CIK
Recent activityActive

Discovered from stokespace — the partnerships, launches, hiring and press it publishes about itself. Evidence the company is alive and what it is doing now, not financial data.

Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Weee! Inc.Mobility / LogisticsGrowth/Late$814.8M$5.6Bsame sector · same stage
Apptronik, IncMobility / LogisticsGrowth/Late$752.4M$2.9Bsame sector · same stage
Meesho, Inc.Mobility / LogisticsSeries D+$764.9M$2.4Bsame sector
Guild Education, Inc.Mobility / LogisticsSeries D+$640.8M$3.1Bsame sector
Cart.com, Inc.Mobility / LogisticsSeries D+$515.2M$563.1Msame sector
Space Exploration Technologies CorpSpace / AerospaceGrowth/Late$9.0B$4.4Bnetwork1 shared operator · same stage
Infinitum Electric Inc.Mobility / LogisticsSeries D+$361.7M$2.2Bsame sector
Maxi Mobility, Inc.Mobility / LogisticsSeries C$196.9M$1.5Bsame sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Stoke Space
Seamless mobility to, through, and from space. It starts with 100%…
Mobility / Logistics93%
Dispatch
Satellites for Manufacturing in Space
Biotech75%
Orbital Operations Inc
High Thrust Space Vehicles for Satellite Defense
Space / AerospacePre-Seed$1.6M74%
Rocket Fuel Recharge Inc.Other TechnologyPre-Seed$3.1M73%
Reditus Space
Reusable Satellites for zero-g manufacturing
Space / Aerospace73%
Capella Space Corp.Other TechnologySeries B$895.4M72%
Space Exploration Technologies Corp
Space Exploration Technologies designs and manufactures rockets and advanced space crafts. The company to revolutionize space technology.
Space / AerospaceGrowth/Late$4.4B72%
Axta Space CorpOther TechnologyPre-Seed$4.8M72%
Frequently asked
How much funding has STOKE Space Technologies, Inc. raised?
STOKE Space Technologies, Inc. has raised approximately $813.9M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is STOKE Space Technologies, Inc.'s estimated valuation?
Provath's modeled valuation for STOKE Space Technologies, Inc. is approximately $3.6B (modeled range $2.9B–$4.2B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is STOKE Space Technologies, Inc. at?
STOKE Space Technologies, Inc.'s latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Tue Sep 23.
What does STOKE Space Technologies, Inc. do and where is it based?
STOKE Space Technologies, Inc. operates in the Mobility / Logistics sector, based in Kent. We're unlocking the space economy by harnessing the power of full and rapid reusability with Nova, our 100% reusable rocket.
Explore related

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