# Stoke Space gets conditional $150 million Pentagon loan commitment for second launchpad

The proposed financing would help build Cape Canaveral infrastructure for Nova Block 2, Stoke's larger rocket still in development. Financial close remains conditional.

Published 2026-10-26 by TGOs. Canonical: https://tgos.io/news/2026/10/26/stoke-space-gets-conditional-150-million-pentagon-loan-commitment/

The Department of War's Office of Strategic Capital (OSC) announced a $150 million conditional loan commitment to Stoke Space Technologies.[1] Alongside private capital, the proposed loan would support a second launchpad at the company's existing complex at Cape Canaveral Space Force Station.[1]

OSC Senior Managing Director (Investments) Jordan Sebold said the new pad would support systems and facilities for the larger Nova Block 2 rocket, which remains in development.[1] The existing complex infrastructure supports Stoke's Nova Pathfinder medium-lift rocket, he said.[1]

Stoke must satisfy financial, legal, technical, investment, due diligence and other requirements before the OSC loan reaches financial close.[1]

Stoke announced on Sept. 8, 2026, that it had completed an initial closing of its billion-dollar Series E financing round.[2] That brought total capital raised to $2.3 billion.[2] Stoke said that funding would support preparations for its first orbital launch, expanded production and launch capacity, and Nova Block 2 development.[2]

## Why it matters

OSC says expanded U.S. launch capacity is needed to meet the Space Force's rising demand for commercial and national security launches.[1]

## Sources

1. Department of War release <https://www.war.gov/News/Releases/Release/Article/4633729/department-of-wars-office-of-strategic-capital-signs-150-million-conditional-lo/>
2. Stoke Space: Series E announcement, Sept. 8, 2026 <https://www.stokespace.com/news/stoke-space-series-e>