The space launch industry in the 21st century has been characterized by a shift away from traditional, large aerospace companies to smaller startup firms. Light and medium lift to low earth orbit is widely believed to be a huge growth opportunity in mid-century, if costs can be kept under control. Reusability is widely believed to be the key to low cost, and a new entrant, Stoke Space, is developing a medium lift launch system called Nova which promises to compete with the SpaceX Falcon 9 system, with full reusability and rapid vehicle turnaround. Nova is being developed with advanced technologies, especially in the second stage, including a regeneratively cooled metallic heatshield, and a propulsion system that takes advantage of aerospike principles.
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