Stoke Space lines up $150M Pentagon loan for a second launch pad in Florida

Stoke Space’s existing Cape Canaveral launch site in Florida. (Stoke Space Photo) Kent, Wash.-based Stoke Space has secured a conditional commitment for a $150 million loan from the Department of War’s Office of Strategic Capital to build a second launch pad at Cape Canaveral for a larger version of its fully reusable rocket. The loan isn’t final until Stoke meets a list of financial, legal, technical and due-diligence requirements.