By "end state of the industry," Lapsa means that Stoke is developing a fully reusable medium-lift rocket named Nova. The vehicle's first stage will land vertically, similarly to a Falcon 9 rocket ...

Stoke Space, which is looking to build the world’s first 100% reusable medium-lift rocket, has raised $260 million in new Series C investment. It brings the company’s total funding to $480 million.