Latest news with #StokeSpace
Business Wire
2 days ago
- Business
- Business Wire
Stoke Space Rebrands Hardware Engineering Platform as Boltline, Reports 2x Revenue in First Half of Fiscal Year
KENT, Wash.--(BUSINESS WIRE)--Stoke Space, the company building the world's first fully and rapidly reusable rockets, today announced that its cloud-based hardware engineering platform, previously known as Fusion, is now Boltline. The rebrand reflects Boltline's position as the only purpose-built, end-to-end, cloud-based engineering toolset designed to streamline hardware development from design to end-of-life. Alongside the rebrand, Stoke Space reported strong growth, with Boltline achieving 2x revenue in the first six months of the current fiscal year, driven by adoption across industries. If your part fails, the hardware fails. If your part can't be made, the part is late. If the factory doesn't have throughput, you are late. If your vendor is late, you are late. If you are late, the company is late. The company also disclosed a previously closed investment from Woven Capital, Toyota's growth-stage corporate venture fund, finalized in December 2024. This funding is accelerating Boltline's product development and commercial expansion, empowering hardware teams to build faster and with greater confidence. 'Boltline solves a fundamental challenge for hardware teams: moving fast without sacrificing quality,' said Michiko Kato, Partner at Woven Capital. 'We're excited by its potential to reimagine the hardware development process, accelerating workflows while preserving traceability. With full visibility from cradle to grave, Boltline brings tremendous value to teams navigating complex hardware development cycles. We're proud to back Stoke Space and support Boltline as it scales a solution that empowers faster, smarter, and more transparent hardware development.' Born from Friction, Built for Builders Born from the need to revolutionize hardware development, Boltline unifies complex processes into a single, powerful platform, slashing costs and accelerating innovation across industries. 'Stoke didn't set out to build software. We set out to build hardware, and the tools got in our way,' said Brent Bradbury, Head of Business at Boltline. 'While we were still in early prototyping, it became clear we needed a unified system to manage engineering and production, one that offered traceability, repeatability, and audit readiness. Boltline's 2x revenue growth this fiscal year shows it's meeting a critical need for teams beyond aerospace.' Boltline is now adopted across industries where hardware complexity meets execution urgency, including aerospace, defense, climate tech, biotech, and advanced manufacturing. 'We saw in Boltline a kindred spirit of high-cadence engineering that is challenging the boundaries of what's possible in space,' said Jack '2fish' Fischer, SVP of Production and Operations at Intuitive Machines. 'Boltline answered our needs with its collaborative capabilities and clear digital thread.' 'Boltline is essential for our work,' added Alisha Fredriksson, cofounder and CEO at Seabound. 'It brings clarity to the complexity of hardware development, helping us move faster and with confidence.' One Platform, All the Way from Design to Deployment Hardware teams often juggle up to eight disconnected tools, from spreadsheets to legacy MES systems, leading to inefficiencies and costly errors. Boltline replaces these with a single, cloud-based platform spanning the entire hardware lifecycle, from design through build, test, production, and beyond. Key capabilities include: Parts Library: Manage part references, relationships, and assemblies with engineering BOMs (eBOMs) and integrations with existing PLM systems. Inventory & Locations: Full traceability of every part and its location using QR codes and augmented BOMs (aBOMs). Work Plans: App-like procedures with checklists, sketches, instructions, and automated actions. Orders: A modern order management system linking inventory, purchase orders, retail orders, and approvals, integrated with ERP systems. Workflows: No-code automations that scale processes across engineering, manufacturing, and supply chain. Scaling for the Future of Hardware With Woven Capital's backing and Boltline's impressive 2x revenue growth, Boltline is expanding its product, engineering, and go-to-market teams to meet the growing demand for unified hardware development solutions. 'What started inside a rocket company is now transforming industries,' said Bradbury. 'Boltline's revenue growth this fiscal year proves it's addressing an urgent need for smarter, faster hardware development, and we're scaling to meet that demand.' About Boltline Boltline is the only end-to-end engineering toolset that helps teams build world-class hardware, fast. Born from the need to streamline complex hardware development, Boltline empowers teams across industries to design, build, and scale with unprecedented efficiency and clarity. Visit for more. About Stoke Space Stoke Space is building Nova, a fully and rapidly reusable rocket designed to fly daily, delivering critical payloads to any orbit, at any time. With vertically integrated design, manufacturing, and testing, Stoke is developing breakthrough technologies to deliver fast, flexible, and reliable space access.
Yahoo
28-03-2025
- Business
- Yahoo
Why Rocket Lab Stock Bounced Back on Friday
Rocket Lab (NASDAQ: RKLB) shareholders received some wonderful news Thursday night when the U.S. Department of Defense announced that the company, along with privately held Stoke Space, had been added to "Lane 1" of Phase 3 of the National Security Space Launch program by U.S. Space Force. In response, Rocket Lab stock soared by more than 7% in the opening minutes of trading Friday before retreating to about a 3.5% gain as of 10:05 a.m. ET. In its own press release, Rocket Lab clarified that NSSL Phase 3 Lane 1, or NSSL3(1), is a firm-fixed-price, indefinite-delivery/indefinite-quantity contract worth up to $5.6 billion for Rocket Lab if it wins all of the contracts on offer over the five-year period ending June 2029. In other words, NSSL3(1) is an umbrella contract that states the total amount of money up for grabs and lists all the space companies that can bid on the contracts to fulfill individual launches and be paid for them. Rocket Lab now shares this list with Stoke Space, Blue Origin, United Launch Alliance, and SpaceX. A minimum of 30 launches are anticipated under NSSL3(1). So Rocket Lab can bid on the individual launches. Before it can conduct launches under NSSL3(1), however (and be paid for them), it first needs to receive national security certification for its new Neutron rocket, which will require at least two successful launches. Management anticipates the first launch of Neutron will occur in the second half of this year, with a second launch sometime in 2026. The company will be paid $5 million up front to help it cover the costs of earning certification for the Neutron. In the best case, this means investors should expect the first money from this umbrella contract to start arriving probably no sooner than mid-2026. Assuming all goes well, though, this will help Rocket Lab achieve analysts' consensus target of $895 million for its 2026 revenue, and potentially help it generate nearly $84 million in positive free cash flow. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $288,966!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $42,440!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $526,737!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon.*Stock Advisor returns as of March 24, 2025 Rich Smith has positions in Rocket Lab USA. The Motley Fool recommends Rocket Lab USA. The Motley Fool has a disclosure policy. Why Rocket Lab Stock Bounced Back on Friday was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
28-03-2025
- Business
- Yahoo
U.S. Space Force awards national security contracts to Rocket Lab, Stoke Space
(Reuters) - The U.S. Space Force's Space Systems Command said on Thursday it had awarded contracts to Rocket Lab USA and Stoke Space to expand its portfolio of launch systems for critical space capability. Shares of Rocket Lab USA rose 9.7% in extended trading after the announcement. The contract enables the company to compete for future U.S. national security launch missions. Rocket Lab and Stoke Space will each receive a $5 million order to conduct initial capability assessment. They will join companies including Elon Musk's SpaceX, Jeff Bezos' Blue Origin and United Launch Alliance in the U.S. Space Force's National Security Space Launch Phase 3 Lane 1 program, which is meant to bolster the United States' space launch capabilities by adding a broader range of service providers. "Once Rocket Lab and Stoke Space complete their first successful launch, they will be eligible to compete for launch service task orders on Lane 1," said Lt. Col. Douglas Downs, SSC's materiel leader for Space Launch Procurement.
Yahoo
27-03-2025
- Business
- Yahoo
U.S. Space Force awards national security contracts to Rocket Lab, Stoke Space
(Reuters) - The U.S. Space Force's Space Systems Command said on Thursday it had awarded contracts to Rocket Lab USA and Stoke Space to expand its portfolio of launch systems for critical space capability. Shares of Rocket Lab USA rose 9.7% in extended trading after the announcement. The contract enables the company to compete for future U.S. national security launch missions. Rocket Lab and Stoke Space will each receive a $5 million order to conduct initial capability assessment. They will join companies including Elon Musk's SpaceX, Jeff Bezos' Blue Origin and United Launch Alliance in the U.S. Space Force's National Security Space Launch Phase 3 Lane 1 program, which is meant to bolster the United States' space launch capabilities by adding a broader range of service providers. "Once Rocket Lab and Stoke Space complete their first successful launch, they will be eligible to compete for launch service task orders on Lane 1," said Lt. Col. Douglas Downs, SSC's materiel leader for Space Launch Procurement.
Reuters
27-03-2025
- Business
- Reuters
U.S. Space Force awards national security contracts to Rocket Lab, Stoke Space
March 27 (Reuters) - The U.S. Space Force's Space Systems Command said on Thursday it had awarded contracts to Rocket Lab USA (RKLB.O), opens new tab and Stoke Space to expand its portfolio of launch systems for critical space capability. Shares of Rocket Lab USA rose 9.7% in extended trading after the announcement. The contract enables the company to compete for future U.S. national security launch missions. Rocket Lab and Stoke Space will each receive a $5 million order to conduct initial capability assessment. They will join companies including Elon Musk's SpaceX, Jeff Bezos' Blue Origin and United Launch Alliance in the U.S. Space Force's National Security Space Launch Phase 3 Lane 1 program, which is meant to bolster the United States' space launch capabilities by adding a broader range of service providers. "Once Rocket Lab and Stoke Space complete their first successful launch, they will be eligible to compete for launch service task orders on Lane 1," said Lt. Col. Douglas Downs, SSC's materiel leader for Space Launch Procurement.
