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LAUNCH · OPERATOR PROFILE · DATA AS OF 2026-07-28

Stoke Space

Active Launch Private HQ: Kent, Washington Founded 2019

Full rocket reusability (both stages). Differential throttling heat shield for second-stage recovery. Backed by Breakthrough Energy Ventures.

43.9
ARI Composite
Very High Risk
#17 of 30
Peer Rank
Launch cohort
2
Total Launches
As lead operator
$1.95B (implied)
Estimated valuation
Private — reported

FINANCIAL HEALTH

43.9
ARI composite · Very High Risk
Peer rank#17 of 30
Peer groupLaunch
Data coverage100%

SCHEDULE CREDIBILITY

How well this operator historically meets its own projected dates — launch NETs, company-announced roadmap milestones, and forward-dated facility plans. 100 = says what it does. Discount forward guidance accordingly.

INSUFFICIENT HISTORY
SCI · Insufficient history · 2 dated commitments
Behavioral read
insufficient history — 2 dated commitments tracked (score requires ≥5)
Source Events Late (share) Median slip Median slip, late only Sub-score On-time allowance
Roadmap milestones 2 1 (50%) 80.5 d 161 d 59.3 30 d

WORST SLIPS (RECEIPTS)

Commitment Source Announced Outcome Slip
Zenith full-scale upper stage engine testing campaign (Stoke Nova) completed Roadmap milestones 2025 2026-06-10 161 d

SCI = 100 × Σ(event credit) ÷ N over the trailing 36 months (2023-07-29 → 2026-07-28). Event credit = 1.0 when the commitment met its announced date (launches: net NET slip < 1 day; roadmap milestones & facility plans: within 30 days of the announced target window — month/year-precision targets count the whole period as on-time), else 30 ÷ (30 + days late beyond that allowance). Sources are pooled, so each source weighs by its event count. Sources: launch NET-change log (LL2 ingest, tracked since 2026-04-17; flown launches in coverage + not-yet-flown launches already slipped ≥1 day; cancelled launches excluded), roadmap registry milestones (company-announced targets, verified provenance only; open milestones past target count as late by days-overdue), facility_plans rows with target_date after announced_at (filing-dated rows excluded). Confidence: high ≥20 events, medium ≥8, low ≥5; no score below 5 events. 100 = says what it does.

Window: 2023-07-29 → 2026-07-28 (36 months) · launch NET log live since 2026-04-17

FLEET COMPOSITION

Every vehicle this operator has flown. Linked profiles carry the full reliability + reuse + subsystem record.

Vehicle Class Launches Success rate Reuse
Nova Medium 2 100.0% Fully reusable Profile →

RECENT LAUNCHES

Date Mission Vehicle Orbit Outcome
Jun 11, 2024 Stoke Space Completes First Successful Hotfire Test of Full-Flow, Staged-Combustion Engine Nova Success Source ↗
Sep 17, 2023 Update on Hopper2: The Hopper Has Landed Nova Success Source ↗

ACTIVE TEST CAMPAIGNS

Pre-flight test events grouped by campaign. Underwriters read this section for anomaly record and readiness signal ahead of a first flight.

Campaign Vehicle Tests Success rate Categories Last test Most recent anomaly
(uncampaigned) Nova 2 100% Engine, Hop Jun 11, 2024

View all test campaigns in the test tracker →

SECTOR POSITION

Primary sectorLaunch
Rank within sector#17 of 30
Tracked peers30

RECENT COVERAGE

Date Source Headline
Jul 22, 2026 Payload Space Breaking Down the $686B Space Economy
Jul 20, 2026 Payload Space DoD Adds $11.4B to NatSec Launch Contracts
Jul 17, 2026 Ars Technica — Space Will Russia's answer to the Falcon 9 rocket ever take flight?
Jul 09, 2026 Ars Technica — Space Payloads used to dictate the terms of launch. That's finally changing.
Jul 08, 2026 TechCrunch — Space Former OpenAI exec Kevin Weil is now on the board of Stoke Space

REGISTRY DATA

Legal nameStoke Space Technologies, Inc.
OwnershipPrivate
HeadquartersKent, Washington
CountryUS
Founded2019
FounderAndy Lapsa, Tom Feldman
CEOAndy Lapsa
AliasesStoke Space, Stoke
Key programsNova (fully reusable rocket)
Gov customersSpace Force
Estimated valuation$1.95B (implied)
Last fundingSeries B, Breakthrough Energy Ventures
IPO statusPre-IPO

Source: space_company_registry.json · Operator homepage → · Stoke Space corporate homepage — confirms Nova fully-reusable medium-lift vehicle and company HQ in Kent, Washington.

METHODOLOGY

Launch history and subsystem outcomes aggregate from AstraVeris's launch_events table with Wilson 95% lower bounds on success rates. ARI scores come from the 11-factor composite (/finance/methodology/). Constellation counts derive from the live CelesTrak/GCAT object catalog. Gov contracts from USAspending.gov awards; private deals from deduplicated pipeline deal extraction. Absence of a row means "not tracked" — we never fabricate. See /methodology/ for the full data model and /data-licensing/ for licensing terms.

Not investment advice. For insurance underwriting, verify against primary-source filings and operator investigation reports.