Stoke joined the Unicorn Club in 2025 after raising a $610 million Series D funding round, marking a key milestone in its growth as a leading sustainable rocket company. Headquartered in Los Angeles, California, United States, Stoke develops environmentally friendly rocket propulsion systems and launch vehicles.
The company focuses on reducing the carbon footprint of space launches while maintaining high performance and reliability.
Keep reading to learn how Stoke became a $2 billion leader in sustainable aerospace.
What Is Stoke and What Does It Do?
Founded in 2019, Stoke specializes in sustainable rocket technology. The company designs and manufactures eco-friendly rockets that use cleaner fuels and innovative propulsion systems to reduce emissions during space launches.
Stoke’s platform aims to make commercial space travel and satellite deployment more sustainable while providing competitive performance for both government and private-sector customers.
How Much Funding Has Stoke Raised?
1. Series D Round
- Amount Raised: $610 million
- Date: 2025
- Valuation: $2 billion
- Lead Investors: MaC Venture Capital, US Innovation Technology Fund
- Purpose: Scale sustainable rocket production, expand R&D in green propulsion, and increase commercial launch capabilities
2. Earlier Rounds (Seed to Series C)
- Cumulative Funding: ~$390 million
- Key Investors: MaC Venture Capital, US Innovation Technology Fund, and other strategic investors
- Purpose: Build core rocket technology, initiate test launches, and expand operational capacity
Total Funding Raised: ~$1 billion
Latest Funding Date: 2025
Latest Known Valuation: ~$2 billion
Key Investors
- MaC Venture Capital
- Details: Venture capital firm investing in early and growth-stage technology companies.
- Focus Areas: Aerospace, sustainable technology, and advanced engineering startups.
- US Innovation Technology Fund
- Details: Government-backed technology fund supporting innovative and high-impact startups.
- Focus Areas: Aerospace innovation, sustainable energy, and high-tech engineering projects.
Where Is Stoke’s Headquarters?
Stoke is headquartered in Los Angeles, California, United States, serving as the hub for research, rocket engineering, product development, and operational teams focused on sustainable aerospace technologies.
What’s Next for Stoke?
Stoke plans to expand its fleet of eco-friendly rockets, enhance propulsion technology, and increase the frequency of commercial launches. The company aims to lead sustainable aerospace innovation, reduce environmental impact, and support both private and government space programs.
With strong investor backing and a $2B valuation, Stoke is positioned to drive the next generation of sustainable rocket technology.
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