Katherine Cruz, Stoke Space VP and Moses Lake test site and operations director, laughs while explaining how the aerospace development company’s new vertical test site functions during a media tour on Jan. 24. Cruz said she loves her job which gives her the opportunity to be on the bleeding edge of rocket development.
R. HANS MILLER/BASIN BUSINESS JOURNAL
January 24, 2025
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Stoke Space secures funding to ensure rocket development in the Basin
MOSES LAKE — Stoke Space, an aerospace company developing the world’s first 100% reusable medium-lift rocket, announced in January that it has raised $260 million in funding to push toward continuing growth of the company and development of its rocket. The investment more than doubles the company’s total funding, bringing it to $480 million. “We deeply appreciate the confidence investors have placed in Stoke and our mission,” said Andy Lapsa, CEO and co-founder of Stoke Space. “This new investment validates our progress and enables us to accelerate the development of technologies that will redefine access to and from space.” That development is happening in an Eastern Washington city with a long history of aeronautic and aerospace development – Moses Lake. The funding comes after Stoke had a successful vertical test firing at its Moses Lake facility.