Space travel: Porsche SE, major shareholder of VW, buys into rocket company
Porsche SE is investing in Stoke Space. The US start-up is working on fully reusable rockets and wants to make launches more frequent and cheaper.
Porsche Automobil Holding SE has invested in US space company Stoke Space Technologies, with a stake purchased for a sum in the low tens of millions. Stoke Space is developing a two-stage launch vehicle with the goal of full reusability, aiming to increase launch frequency and reduce costs. This approach is similar to that of Elon Musk's SpaceX, which currently dominates the rocket launch market. This is Porsche SE's second investment in a space company, following a 2021 investment in Isar Aerospace.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
