Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
NatSec100 #19

Stoke Space

Recipient: STOKE SPACE TECHNOLOGIES, INC. · UEI QDQ6V2X12WF1

About $107 raised for every $1 obligated.

Capital raised
$1.4B
Federal obligations, FY2020–FY2026
$13.6M
Raised per $1 obligated
107×
Latest valuation
$2.0B
Series D, 2025 (reported ~$2B; extension terms undisclosed)

Obligations by fiscal year

$M
0.3 FY20 0.8 FY21 1.0 FY22 0 FY23 5.3 FY24 6.2 FY25 0 FY26

Prime contracts Other Transactions Subawards

Contract mix

Prime contracts
$7.7M
Other Transactions
$4.5M
Subawards
$1.4M

Notes

Funding
Approximate; Series D extended to $860M

Cite this: Defense Tech Signals, "Capital vs. Contracts: Stoke Space," data as of 2026-11-08, https://data.defensetechsignals.com/c/stoke-space/.

Coverage: prime contracts, IDVs and grants (USAspending), direct Other Transactions (FPDS) and subawards received, FY2020–FY2026. Not included: consortium OTs, FY 2027 so far, loans and classified work. Capital raised: Compiled from announcements and press (Oct 2026). Obligations last refreshed 11/5/2026.