Defense Department Plans $150 Million Loan for Stoke Space Cape Canaveral Expansion
A proposed Defense Department loan would help Stoke Space Technologies expand at Cape Canaveral Space Force Base, including with a new launch pad.
FlyMarshall Newsroom1 min read
Photo: Air & Space Forces Magazine
The Department of Defense plans to provide Stoke Space Technologies with a $150 million loan for expansion at Cape Canaveral Space Force Base in Florida. The proposal includes support for a new launch pad, with the department’s Office of Strategic Capital managing the loan.
Key details
- The loan remains conditional on Stoke Space meeting financial, legal, and technical requirements.
- The Office of Strategic Capital would manage the loan.
- The planned expansion would add a new launch pad at Cape Canaveral Space Force Base.
The proposed loan totals $150 million.
Why it matters
A new launch pad at Cape Canaveral would add launch infrastructure at a Florida base used for space operations. The proposed financing links the Defense Department’s Office of Strategic Capital with a commercial space company’s planned expansion.
What happens next
Stoke Space’s next step is to meet the financial, legal, and technical requirements tied to the proposed loan. What launch capabilities could its Cape Canaveral expansion bring to the Florida spaceport?
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