Stoke Space’s loan is tailored to support the buildout of the company’s second launch pad at Cape Canaveral Space Force Station, Florida. The second launch site would support flights of Stoke Space’s Nova Block 2 rocket, an upgraded version of the company’s fully reusable Nova Pathfinder, which is set to debut sometime next year.
“By supporting the construction of additional launch infrastructure, this commitment would enhance the overall capacity and resilience of the commercial space industrial base,” said Jordan Sebold, senior managing director of investments at OSC.
The loan to Rocket Lab will support the company’s efforts to increase the flight rate of its partially reusable Neutron rocket, which
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