The Department of War's Office of Strategic Capital announced a $150 million conditional loan commitment with Stoke Space Technologies on Oct. 26. The proposed financing, alongside private capital, would support a second launch pad at the company's Cape Canaveral Space Force Station complex, according to the department.
The commitment is not final. Per a Department of War release republished by Newsroom America, Stoke must satisfy legal, technical, investment, due-diligence and other requirements before financial close.
David A. Lorch, OSC director, said expanding domestic launch facility capacity enables providers to give commercial and defense partners reliable, high-cadence access to space.