/ Pre-IPO Risk Index / Stoke Space

Stoke Space

Space (Reusable Rockets) · Pre-IPO · $1.4B (Q4 2024)
B-

Good (B-) — Round Z Pre-IPO Risk Grade

Stoke Space is developing the Nova reusable rocket targeting the SpaceX Falcon 9 medium-launch market. Strong investor base including Breakthrough Energy Ventures (Gates) and In-Q-Tel. Technical milestone progress.

75
Composite / 100
/ Subscore Breakdown · 5 Dimensions

Where this grade comes from.

Governance Risk
B+
Valuation Methodology
B
Secondary Liquidity
C
Financial Disclosure
B-
Exit Probability
B-
/ Public-Record Events

Key risk events & disclosures.

  • Hopper test campaign 2023 — first-stage development
  • Second-stage hop tests 2024
  • $260M Series C Q4 2024 at $1.4B
  • In-Q-Tel + Breakthrough Energy Ventures strategic capital

/ Best for

Investors with conviction on reusable-rocket disruption thesis and willingness to hold through first orbital launch (2026-2027 target).

/ Watch out for

SpaceX Falcon 9 reuse continues to compress small-launch pricing; differentiation via full reusability is technically aggressive.