Stoke Space’s loan is tailored to support the buildout of the company’s second launch pad at Cape Canaveral Space Force Station, Florida. The second launch site would support flights of Stoke Space’s Nova Block 2 rocket , an upgraded version of the company’s fully reusable Nova Pathfinder, which is set to debut sometime next year.

“By supporting the construction of additional launch infrastructure, this commitment would enhance the overall capacity and resilience of the commercial space industrial base,” said Jordan Sebold, senior managing director of investments at OSC.

The loan to Rocket Lab will support the company’s efforts to increase the flight rate of its partially reusable Neutron rocket , which Rocket Lab says is also scheduled to make its first launch next year.

“The proposed loan would support faster vehicle delivery and processing and allow Rocket Lab to expand its fleet of maritime vessels with additional equipment for Neutron recovery and transport,” OSC said in a statement.…