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Stoke Space announced a massive capital raise on Wednesday that might seem, at first glance, like just another bet on the commercial launch market. The details tell a different story. Led by billionaire Thomas Tull’s U.S. Innovative Technology (USIT), a fund that explicitly invests in technologies tied to national security, the $510 million Series D…
Five years ago, investor Katelin Holloway made what she calls a “literal moon shot” investment. A founding partner of the generalist venture firm Seven Seven Six admits she and her team had “no clue” what rocket company Stoke Space was talking about when they pitched the firm on its reusable launch technology. “We knew full…