DoD Makes $150 Million Conditional Loan To Rocket Developer Stoke Space

The Pentagon's Office of Strategic Capital has signed a $150 million conditional loan commitment with Stoke Space to help construct the company's second launchpad at Cape Canaveral Space Force Station. The planned financing supports additional US space-launch capacity and follows Stoke's separate $1 billion Series E funding round. That private capital is intended to support the first launch of the Nova pathfinder rocket in early 2027 and further development of the company's launch infrastructure. The government commitment remains conditional, distinguishing the announced financing arrangement from a completed loan disbursement or an operational launch milestone.