Jan 8, 2026 · 15m · y-combinator

Inside The Startup Building Reusable Rockets · Y Combinator

Andy Lapsa · 7m spoken Aaron Epstein · 3m spoken Tom Feldman · 3m spoken
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In this Y Combinator 'HARD TECH' feature, host Aaron Epstein tours Stoke Space in Kent, Washington, where co-founders Andy Lapsa and Tom Feldman showcase their mission to build fully and rapidly reusable rockets. The video explores how Stoke Space aims to revolutionize the space economy by overcoming upper-stage atmospheric reentry challenges through rapid prototyping, vertical integration, and innovative launch architecture.

How this conversation actually went

Every chapter scored 0–10 on four independent dynamics. Hover any point for the reasoning behind the score. How this is scored →

The partners as informed peer 2.8 Guest teaching 4.7 Guest disagreement 0.2 The partners pushing back 0.0
05100:0010:000:11–3:51 · The partners as informed peer 4/10 Unlocking Space Economy Potential Aaron introduces Stoke Space's mission to achieve complete rocket reusability. Andy and Tom explain the technical limits of current partial reusability and how their hydrogen-cooled second stage heat shield solves atmospheric re-entry.3:51–7:14 · The partners as informed peer 3/10 Tom Feldman's Early Passion for Propulsion The founders detail leaving Blue Origin with young families to start Stoke Space. Tom dismisses the flood of competitor rocket companies at the time as mostly PowerPoint concepts lacking hardware viability.7:14–10:09 · The partners as informed peer 2/10 Backyard Container Testing and First Engine Firing Andy and Tom describe welding and building their first hydrogen-oxygen test thruster inside a backyard shipping container. Andy recounts their initial difficulties fundraising as a hardware startup during early COVID lockdowns.10:09–12:27 · The partners as informed peer 3/10 Factory Tour: 168,000 Sq Ft Manufacturing Hub Touring their 168,000 sq ft Kent manufacturing facility, Andy explains why in-house manufacturing is essential to compress failure-analysis and iteration cycles from a month down to one or two days.12:27–15:01 · The partners as informed peer 3/10 Proprietary Software Infrastructure and Boltline Andy explains how rapid reusability requires building internal software like Boltline to automate maintenance tracking and scale compliance from garage builds to orbital FAA standards.15:01–15:31 · The partners as informed peer 2/10 Future Vision and Ultimate Conviction The founders reflect on their ultimate goal of achieving daily flights and their core conviction that full reusability had to be attempted.0:11–3:51 · Guest teaching 6/10 Unlocking Space Economy Potential Aaron introduces Stoke Space's mission to achieve complete rocket reusability. Andy and Tom explain the technical limits of current partial reusability and how their hydrogen-cooled second stage heat shield solves atmospheric re-entry.3:51–7:14 · Guest teaching 4/10 Tom Feldman's Early Passion for Propulsion The founders detail leaving Blue Origin with young families to start Stoke Space. Tom dismisses the flood of competitor rocket companies at the time as mostly PowerPoint concepts lacking hardware viability.7:14–10:09 · Guest teaching 5/10 Backyard Container Testing and First Engine Firing Andy and Tom describe welding and building their first hydrogen-oxygen test thruster inside a backyard shipping container. Andy recounts their initial difficulties fundraising as a hardware startup during early COVID lockdowns.10:09–12:27 · Guest teaching 5/10 Factory Tour: 168,000 Sq Ft Manufacturing Hub Touring their 168,000 sq ft Kent manufacturing facility, Andy explains why in-house manufacturing is essential to compress failure-analysis and iteration cycles from a month down to one or two days.12:27–15:01 · Guest teaching 5/10 Proprietary Software Infrastructure and Boltline Andy explains how rapid reusability requires building internal software like Boltline to automate maintenance tracking and scale compliance from garage builds to orbital FAA standards.15:01–15:31 · Guest teaching 3/10 Future Vision and Ultimate Conviction The founders reflect on their ultimate goal of achieving daily flights and their core conviction that full reusability had to be attempted.0:11–3:51 · Guest disagreement 0/10 Unlocking Space Economy Potential Aaron introduces Stoke Space's mission to achieve complete rocket reusability. Andy and Tom explain the technical limits of current partial reusability and how their hydrogen-cooled second stage heat shield solves atmospheric re-entry.3:51–7:14 · Guest disagreement 1/10 Tom Feldman's Early Passion for Propulsion The founders detail leaving Blue Origin with young families to start Stoke Space. Tom dismisses the flood of competitor rocket companies at the time as mostly PowerPoint concepts lacking hardware viability.7:14–10:09 · Guest disagreement 0/10 Backyard Container Testing and First Engine Firing Andy and Tom describe welding and building their first hydrogen-oxygen test thruster inside a backyard shipping container. Andy recounts their initial difficulties fundraising as a hardware startup during early COVID lockdowns.10:09–12:27 · Guest disagreement 0/10 Factory Tour: 168,000 Sq Ft Manufacturing Hub Touring their 168,000 sq ft Kent manufacturing facility, Andy explains why in-house manufacturing is essential to compress failure-analysis and iteration cycles from a month down to one or two days.12:27–15:01 · Guest disagreement 0/10 Proprietary Software Infrastructure and Boltline Andy explains how rapid reusability requires building internal software like Boltline to automate maintenance tracking and scale compliance from garage builds to orbital FAA standards.15:01–15:31 · Guest disagreement 0/10 Future Vision and Ultimate Conviction The founders reflect on their ultimate goal of achieving daily flights and their core conviction that full reusability had to be attempted.0:11–3:51 · The partners pushing back 0/10 Unlocking Space Economy Potential Aaron introduces Stoke Space's mission to achieve complete rocket reusability. Andy and Tom explain the technical limits of current partial reusability and how their hydrogen-cooled second stage heat shield solves atmospheric re-entry.3:51–7:14 · The partners pushing back 0/10 Tom Feldman's Early Passion for Propulsion The founders detail leaving Blue Origin with young families to start Stoke Space. Tom dismisses the flood of competitor rocket companies at the time as mostly PowerPoint concepts lacking hardware viability.7:14–10:09 · The partners pushing back 0/10 Backyard Container Testing and First Engine Firing Andy and Tom describe welding and building their first hydrogen-oxygen test thruster inside a backyard shipping container. Andy recounts their initial difficulties fundraising as a hardware startup during early COVID lockdowns.10:09–12:27 · The partners pushing back 0/10 Factory Tour: 168,000 Sq Ft Manufacturing Hub Touring their 168,000 sq ft Kent manufacturing facility, Andy explains why in-house manufacturing is essential to compress failure-analysis and iteration cycles from a month down to one or two days.12:27–15:01 · The partners pushing back 0/10 Proprietary Software Infrastructure and Boltline Andy explains how rapid reusability requires building internal software like Boltline to automate maintenance tracking and scale compliance from garage builds to orbital FAA standards.15:01–15:31 · The partners pushing back 0/10 Future Vision and Ultimate Conviction The founders reflect on their ultimate goal of achieving daily flights and their core conviction that full reusability had to be attempted.

speaking balance: gold is the partners, purple is the guest (3 minute bins)

0:00 · the partners 0% · guest 100%0:00 · the partners 0% · guest 100%3:00 · the partners 0% · guest 100%3:00 · the partners 0% · guest 100%6:00 · the partners 0% · guest 100%6:00 · the partners 0% · guest 100%9:00 · the partners 0% · guest 100%9:00 · the partners 0% · guest 100%12:00 · the partners 0% · guest 100%12:00 · the partners 0% · guest 100%15:00 · the partners 0% · guest 100%15:00 · the partners 0% · guest 100%
Sharpest disagreement ▶ 5:36 Tom calls competitor startups PowerPoint ideas

Tom frankly dismisses the 150 competing rocket startups of 2019 as unviable PowerPoint pitches that lacked real hardware grounding.

Hardest push from the partners ▶ 5:20 Host presses founders on facing 150 competitors

Aaron presses the founders on why they believed they could outcompete more than 150 existing rocket companies in a crowded field.

Biggest teaching moment ▶ 2:19 Andy details the bottleneck of non-reusable upper stages

Andy educates the host on how throwing away expensive second-stage rockets restricts launch capacity across the entire space economy.

The partners hold their own ▶ 2:59 Host explains Andromeda capsule re-entry mechanics

Aaron demonstrates deep research by walking through the specific technical mechanics of the liquid hydrogen heat exchanger and thrusters during atmospheric re-entry.

the scores for every segment, with the reasoning behind each
ChapterTopicThe partners as informed peerGuest teachingGuest disagreementThe partners pushing backWhy
Unlocking Space Economy Potential 4600 Aaron introduces Stoke Space's mission to achieve complete rocket reusability. Andy and Tom explain the technical limits of current partial reusability and how their hydrogen-cooled second stage heat shield solves atmospheric re-entry.
Tom Feldman's Early Passion for Propulsion 3410 The founders detail leaving Blue Origin with young families to start Stoke Space. Tom dismisses the flood of competitor rocket companies at the time as mostly PowerPoint concepts lacking hardware viability.
Backyard Container Testing and First Engine Firing 2500 Andy and Tom describe welding and building their first hydrogen-oxygen test thruster inside a backyard shipping container. Andy recounts their initial difficulties fundraising as a hardware startup during early COVID lockdowns.
Factory Tour: 168,000 Sq Ft Manufacturing Hub 3500 Touring their 168,000 sq ft Kent manufacturing facility, Andy explains why in-house manufacturing is essential to compress failure-analysis and iteration cycles from a month down to one or two days.
Proprietary Software Infrastructure and Boltline 3500 Andy explains how rapid reusability requires building internal software like Boltline to automate maintenance tracking and scale compliance from garage builds to orbital FAA standards.
Future Vision and Ultimate Conviction 2300 The founders reflect on their ultimate goal of achieving daily flights and their core conviction that full reusability had to be attempted.

Statements from this episode (13)

Disclosure
Lapsa: Stoke Space is building fully reusable rockets with aircraft-like turnaround
“Stoke is building fully and rapidly reusable rockets with aircraft-like reusability.”
Andy Lapsa Jan 8, 2026 ▶ 0:06
Opinion
Feldman: Fully reusable on-demand rockets will be an iPhone App Store moment
“I think if you have something that can go up and come back to the place where you want it to go, when you want it to go, I think it is like the iPhone app store moment.”
Tom Feldman Jan 8, 2026 ▶ 0:27
Assertion Not checkable as stated
Lapsa: Starlink launch dominance and constrained capacity restrict the space economy
“With only a 150 potential transactions, and most of them getting taken up by Starlink, there's just not that much availability, and so there are customers who are willing to pay quite a bit more to get the availability, but to make the space economy more ubiqu…”
Andy Lapsa Jan 8, 2026 ▶ 1:42
Assertion Partly supported
Lapsa: Nova's first stage uses one of history's most fuel-efficient rocket engines
“It has one of the highest performing rocket engines in terms of fuel efficiency that's ever been produced.”
Andy Lapsa Jan 8, 2026 ▶ 2:22
Assertion Supported
Lapsa: First-stage reusability scaled annual launch capacity from 20 to 150
“In the last few years, the industry has shown the ability to reuse the first stage, which has been transformative. It allowed companies to scale from maybe a dozen or so, 10 to 20 launches per year, now to that 150 number.”
Andy Lapsa Jan 8, 2026 ▶ 2:43
Insight
Lapsa: Rapid reusability scales flight frequency without expanding factory infrastructure
“What rapid reusability allows you to do is to scale the flight frequency without having to scale your factories and your test facilities and all of the infrastructure that comes with it.”
Andy Lapsa Jan 8, 2026 ▶ 3:51
Assertion Not checkable as stated
Feldman: No Rocket Companies Were Rigorously Tackling Full Reusability in 2019
“There is this problem, you know, people are still throwing away rockets. And like, we really didn't see anybody actively working super hard to like, you know, attack that problem with rigor, combined with the fact that we thought we had a pretty good idea on h…”
Tom Feldman Jan 8, 2026 ▶ 5:03
Disclosure
Lapsa: Stoke Space has raised about $990M to date
“We've raised about nine hundred ninety million dollars to date.”
Andy Lapsa Jan 8, 2026 ▶ 10:12
Assertion Open · timeframe Jan 2029
Lapsa: Stoke Space factory can build about seven vehicles per year
“The facility is designed to build about seven vehicles per year.”
Andy Lapsa Jan 8, 2026 ▶ 11:05
Disclosure
Lapsa: Stoke Space Aims to Make Every Rocket Part In-House
“We want the ability to make every part on the rocket ourselves.”
Andy Lapsa Jan 8, 2026 ▶ 11:56
Assertion Not checkable as stated
Lapsa: Stoke Space Cuts Hardware Iteration Cycles to 1-2 Days
“We'll go learn something on a test stand, tear it down, drive it back here, pull it apart, run a change in the machine shop, drive it back out there, integrate on the test stand, and we're off and going. So a one month cycle is down to a day or two.”
Andy Lapsa Jan 8, 2026 ▶ 12:13
Disclosure
Lapsa: Stoke Space built proprietary software Boltline to run factory operations
“So we made the decision very early on. We're going to build our own tool to do all this. We're going to base our operations around it and call it bolt line. And it's been a big part of our success”
Andy Lapsa Jan 8, 2026 ▶ 13:47
Prediction Not checkable as stated
Feldman: Stoke Space will fly rockets daily if successful
“If we are successful, we are flying this thing every day.”
Tom Feldman Jan 8, 2026 ▶ 15:05
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