Stoke Space lines up $150M Pentagon loan for second Florida launch pad

Stoke Space has secured a conditional commitment for a $150 million loan from the Pentagon's Office of Strategic Capital to build a second launch pad at Cape Canaveral. The pad will serve the Nova Block 2 rocket, designed to carry up to 15 metric tons to low Earth orbit, with a debut slated for 2029.

• The $150M loan is conditional pending financial and technical due diligence
• Nova Block 2 will lift up to 15 metric tons to LEO, five times Pathfinder's capacity
• Block 2 debuts in 2029; Nova Pathfinder's first flight is set for early 2027
• Stoke raised about $1B in a Series E, bringing total funding to roughly $2.3B