Stoke Space has amassed a substantial sum during its latest round of financing and is revealing exactly where it plans to invest its new stack of cash.

The Kent, Washington-based company just raised $1 billion via its"Series E" capital campaign, bringing Stoke’s total investor haul to $2.3 billion. The Sept. 8 announcement provided a development update for Stoke’s fully reusable Nova Pathfinder launch vehicle and included plans for its never-before-seen Nova Block 2 rocket, a more powerful system designed to be able to deliver up to 15 tons to low Earth orbit (LEO).

“We are humbled by the trust our investors and customers have placed in us in pursuit of this critical generational challenge,” said Andy Lapsa, Stoke CEO and co-founder. “This investment enables us to scale toward delivering the capability and cadence our customers require.”

Nova Pathfinder is Stoke’s first orbital launch vehicle (the largest first rocket ever undertaken by a U.S. launch company, according to Stoke), and is based on the same technologies the company is building into its Block 2 design. Both two-stage vehicles are being manufactured with full and rapid reusability in mind, with Pathfinder serving as the proving ground for that architecture.

Pathfinder's first stage is powered by seven Stoke-designed full-flow, staged-combustion (FFSC) Zenith rocket engines, fueled by liquid oxygen and liquefied natural gas (LNG). The first stage on Nova Block 2 will be equipped with 14 Zeniths. Stoke calls FFSC “perhaps the most difficult rocket engine cycle to develop,” but highlights its advantages; the tech leaves fewer residuals like soot around the engines and reduces the amount of maintenance needed between flights, according to the company.

The upper stage of both rockets is the more atypical approach to spacecraft design, compared to other vehicles of the same launch class. The aft end of Nova’s second stage is designed with a heat shield to protect the vehicle during reentry through Earth’s atmosphere. Instead of the ceramic tiles historically used on the heat shields of previous spacecraft, the dome-like structure at the base of Nova’s upper stage is made of metal, which is actively cooled by the liquid hydrogen that fuels the stage’s Andromeda propulsion system.

Rather than a single large, vacuum-optimized engine bell at its center, Nova’s upper stage features 12 small dual-thrust chambers integrated into a circle around the outer edges of the vehicle’s heat shield. Stoke successfully completed a “hopper” test flight of Pathfinder’s upper stage engine system in 2023, flying the vehicle about 30 feet (10 meters) into the air before it safely touched down.

Scaling up to Block 2, Stoke plans to equip the upper-stage system with independent systems for each of the 12 engines, potentially increasing thrust by over a factor of five, according to the company. Block 2’s upper stage also drops Pathfinder’s tapered design in favor of cylindrical tanks, increasing propellant and payload volume to accommodate a 5-meter-wide (16.4 feet) fairing.

Stoke says the larger Block 2 configuration has been in the works alongside Pathfinder for several years. The company is developing the more powerful rocket to support large commercial and national security satellite constellations, of which there soon may be a high demand.

Nova Block 2’s closest competitors are SpaceX’s Falcon 9 rocket and Rocket Lab’s upcoming Neutron launch vehicle, which is still under development. And Falcon 9 is already being sundowned by SpaceX as the company gets closer to operational flights with its next-generation Starship rocket. While certain Falcon 9 flights for NASA, like crew launches to the International Space Station, are expected to continue until at least 2030, SpaceX CEO Elon Musk has said that Starship’s ultimate success “means winding down Falcon.” The timing should line up with when Stoke hopes to step in with Nova Block 2. Block 2’s first launch is targeted for 2029, with production and flight cadence expected to increase from there.

As Stoke ramps up development for its upgraded launch vehicle, the company’s fresh round of funding will also go toward construction of the physical infrastructure Stoke needs to build, test and eventually operate both vehicles. The company is planning a 475-acre (192 hectares) expansion to its 75-acre (30 hectares) Moses Lake Test Site in Washington to support propulsion and vehicle testing as Pathfinder nears its first launch and Block 2 hardware begins coming online.

Stoke is also expanding its operations at Cape Canaveral Space Force Station (CCSFS) in Florida. The company was selected by the U.S. Space Force in 2023 to manage CCSFS’s Space Launch Complex-14, where it’s now building a new payload processing facility sized to accommodate both vehicles. And to complete its full reusability system, the company is also developing an offshore recovery platform.

Pathfinder has a much shorter timeline to the launch pad. Stoke is targeting early 2027 for Pathfinder’s debut launch, which the company plans to send to orbit with a customer payload. If that’s successful, Stoke hopes to fly multiple Pathfinder missions throughout 2027 and 2028 while Block 2 development and testing continue in parallel.

Once Block 2 does reach the launch pad, Stoke plans to keep Pathfinder in service. “We see value in having more than one way to serve the market, since some missions are particularly well suited to the Pathfinder configuration,” the company said.

After nearly eight years traveling through the inner solar system, the trailblazing BepiColombo spacecraft has finally begun its arrival at Mercury.

The joint European Space Agency (ESA)-Japanese Aerospace Exploration Agency (JAXA) mission reached a major milestone today (Sep. 3), entering its arrival phase at one of our sun's least-studied planets. BepiColombo's Mercury Transfer Module (MTM), the main power and propulsion system that has ferried a dual stack of planetary probes through space for nearly eight years, released its payload to kick off a sequence of operations that will ultimately place the two spacecraft in Mercury's orbit.

The separation left ESA's Mercury Planetary Orbiter (MPO) and JAXA's Mercury Magnetospheric Orbiter, known as Mio, together for their final approach, which will take about six more months. "It will basically be a new mission starting today," said Bruno Sousa, ESA's head of operations definition and engineering, during today's mission livestream.

BepiColombo launched aboard an Ariane 5 rocket from Europe's Spaceport at the Guiana Space Center in Kourou, French Guiana, on Oct. 19, 2018, beginning a journey that was expected to take about seven years. To assist its plunge sunward, the spacecraft's trajectory has included one flyby of Earth, two of Venus and six of Mercury, as it has shed more and more gravitational energy during to slow its approach to the system's innermost planet.

"It's one of the most complicated missions we have ever flown," Sousa said. The mission was made even more complicated in April 2024, when a solar panel issue reduced the available power for MTM's electric thrusters. Engineers devised a lower-thrust trajectory that saved BepiColombo's mission but delayed its Mercury arrival from December 2025 to November 2026.

Today's maneuver doesn't place BepiColombo in orbit around Mercury quite yet. MPO and Mio will spend the next several weeks navigating toward the planet ahead of orbital insertion on Nov. 21. "Arriving to Mercury is not as simple as other missions that do a big maneuver and they are there," said Elsa Montagnon, BepiColombo's operations manager. "In our case, it's going to be six months of continuous activities."

The Nov. 21 arrival will begin a sequence of 16 maneuvers to progressively lower and reshape BepiColombo's orbit. Mio is scheduled to separate from MPO around Dec. 9 and settle into a highly elliptical polar orbit. MPO will jettison Mio's MOSIF sunshield (Magnetospheric Orbiter Sunshield and Interface Structure) on Dec. 16, then continue lowering its own altitude before reaching its own polar orbit on March 10, 2027.

BepiColombo is scheduled to begin science operations on April 6, 2027, with MPO and Mio studying Mercury simultaneously from complementary orbits. MPO will focus on Mercury's surface composition, geology and planetary interior, while Mio will investigate the planet's magnetic field and its interaction with the solar wind.

Today's separation took place at 8:00 a.m. EDT (1200 GMT), but confirmation of that event didn't come for more than an hour following its scheduled execution. Acquisition of signal from BepiColombo came just before 10 a.m. EDT (1400 GMT), followed by a positive telemetry reading indicating the spacecraft was where it was supposed to be.

"I'm again extremely relieved," Montagnon said. "That the telemetry comes exactly at the moment we expect it, and that we see in the telemetry that the configuration of the spacecraft is the correct one," she said, "this is the best case scenario."