Stoke Space's $1bn Series E takes it to $2.3bn raised, with no orbital flight yet. Point72 Ventures and Spark Capital co-led the round.

Stoke Space Technologies, which is nearing the first flight of a fully reusable launch vehicle, has raised $1 billion to work on a larger rocket.

Stoke has "completed the initial closing" of a $1B Series E round intended to help it reach orbit and prepare a new, larger rocket for operations.