Pentagon to Give Startup Stoke Space $150M Loan for New Launch Pad
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The Pentagon plans to issue a $150 million loan to Stoke Space Technologies, an emerging space launch provider, to help it expand its footprint at Cape Canaveral Space Force Base, Fla.
The Defense Department announced the plan Oct. 26. The loan, managed by DOD’s Office of Strategic Capital, is contingent on Stoke clearing various financial, legal, and technical requirements.
“The proposed loan from OSC, alongside private capital, would support the buildout of the company’s second lau
The Defense Department announced the plan Oct. 26. The loan, managed by DOD’s Office of Strategic Capital, is contingent on Stoke clearing various financial, legal, and technical requirements.
“The proposed loan from OSC, alongside private capital, would support the buildout of the company’s second lau
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