Stoke Space Loan: $150M Conditional Commitment for a Second Cape Canaveral Launchpad

The Stoke Space loan is a $150 million conditional commitment from the Department of War's Office of Strategic Capital (OSC), announced October 26, 2026. The proposed loan, alongside private capital, would support the buildout of Stoke Space's second launchpad at its existing launch complex at Cape Canaveral Space Force Station. Stoke Space Technologies, Inc. is a U.S. space launch company developing fully reusable rockets.

What the Stoke Space Loan Would Build

OSC's Jordan Sebold said the existing launch complex infrastructure supports Stoke's Nova Pathfinder medium-lift rocket. The new launchpad infrastructure would support the systems and facilities required for the larger Nova Block 2 rocket, which is currently in development.

The release says the commitment more broadly supports the expansion of U.S. launch capacity, and it calls space launch a designated critical technology category.

Conditions Before Financial Close

This is a conditional loan commitment, not a closed loan. The release says Stoke Space must complete additional steps before financial close, including satisfying various financial, legal, technical, investment, due diligence, and other requirements.

See industrial space for lease in Brevard County. Related: Stoke Space and Relativity Space at Cape Canaveral.

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Sources

• Department of War release, Oct. 26, 2026, read October 30, 2026: the $150 million conditional loan commitment, the second launchpad, the Nova Pathfinder and Nova Block 2 statement by Jordan Sebold, and the conditions before financial close.

Frequently Asked Questions

Has the Stoke Space loan closed?

No. The October 26, 2026 release describes a conditional commitment and lists steps Stoke Space must complete before financial close.

Which rocket is the second launchpad for?

The larger Nova Block 2 rocket, which is currently in development, per OSC's Jordan Sebold. The existing complex supports the Nova Pathfinder.

Written by Cassandra Hartford, founder and CEO of Reach Commercial Real Estate. She has worked in Brevard County commercial real estate for 17 years, representing buyers, sellers, landlords, and tenants across Florida's Space Coast.