Y Combinator alum Stoke Space recently raised a $260 million Series Cbringing its total raise to $480 million. This follows $100 million raised in October 2023, and $75 million in December 2021.

The company was founded in 2019 by Blue Origin veterans Andy Lapsa and Tom Feldman, who launched his career as an intern at SpaceX. Stoke attended the Winter 2021 YC cohort.

The space startup has an ambitious goal of building the first fully reusable rocket, meaning the booster and second stage. Last month, it shared the video of successful attempt in the first stage of its rocket engine. The money will help it build its new facilities at the historic Cape Canaveral Space Force Station in Florida.

Investors in this latest round include Breakthrough Energy Ventures, Glade Brook Capital Partners, Makugihong Ventures, Point72 Ventures, Seven Seven Six, Y Combinator, and others.