Stoke Space announced a massive capital raise on Wednesday that might seem, at first glance, like just another bet on the commercial launch market. The details tell a different story. Led by billionaire Thomas Tull’s U.S. Innovative Technology (USIT), a fund that explicitly invests in technologies tied to national security, the $510 million Series D round underscores a larger shift in the launch industry. The old assumption was the winners of launch would be the companies that capture the lion’