US reusable rocket developer Stoke Space has completed a $510 million Series D funding round.

Stoke Space, an American developer of reusable rockets, announced on October 8 (local time) that it has completed a $510 million Series D funding round, led by the U.S. Innovation Technology Fund (USIT). This new funding brings Stoke Space's total fundraising to $990 million, which will be used to accelerate the research and development of its reusable launch vehicle, Nova, and expand production capacity. (Jiemian)