Stoke Space has received a conditional commitment for a $150 million federal loan to help build a second launchpad at Cape Canaveral Space Force Station in Florida.
The Office of Strategic Capital announced the commitment October 26. The financing would be combined with private investment to expand launch infrastructure for the Kent, Washington-based rocket developer.
The commitment is not a completed loan disbursement. Stoke must satisfy financial, legal, technical and due-diligence requirements before financing becomes final.
The proposed pad would support Nova Block 2, a larger version of the company's fully reusable rocket. The company targets a 2029 debut for Block 2, while its smaller Nova Pathfinder is planned for an initial launch in early 2027. Those dates remain development targets rather than completed flights.
The infrastructure plan follows a roughly $1 billion Series E fundraising round. Private equity financing and the conditional federal loan are separate transactions.
Stoke has not yet launched a rocket into orbit. Monday's announcement therefore expands its potential financing and infrastructure plans without establishing orbital readiness or a completed launch facility.
Sources: https://www.geekwire.com/2026/stoke-space-lines-up-150m-pentagon-loan-for-a-second-launch-pad-in-florida/ https://www.defensedaily.com/dod-makes-150-million-conditional-loan-to-rocket-developer-stoke-space/business-financial/