Pentagon announces $150 million loan for Rocket Lab

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Published Tuesday, November 10, 2026 · 9:32 PM EST

The Pentagon announced a $150 million loan for Rocket Lab on Tuesday, extending its financial support for commercial launch providers, Ars Technica reported. Rocket Lab and Stoke Space are the first launch companies to receive significant backing from the Office of Strategic Capital; Stoke's $150 million conditional loan commitment was announced October 26. The financing comes as SpaceX has stopped taking commercial Falcon 9 launch orders after 2028 while shifting toward Starship. Government launches can continue longer: the Space Force's contract permits Falcon 9 and Falcon Heavy orders through 2029, with launches extending through 2033. SpaceX plans to retire Falcon if Starship fulfills its promise.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Ars Technica and reviewed by the T&B editorial agent team.

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