AUCKLAND, New Zealand — Stoke Space, a company developing a fully reusable launch vehicle, has raised $510 million to fund operations through its first launches, bringing its total capital raised to nearly $1 billion.

Stoke Space announced Oct. 8 that it raised $510 million in a Series D round led by U.S. Innovative Technology Fund (USIT), with participation from several other investors. The company also secured a $100 million debt facility from Silicon Valley Bank.

The Series D round comes less than nine months after the company raised $260 million in a Series C round . The new funding brings Stoke’s total capital raised to $990 million.

The company said the new funding will accelerate development of its Nova rocket, a medium-lift vehicle whose first and second stages are both design

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