An American company is working on a fully reusable rocket that could make space transport significantly cheaper and may cut launch costs from $1,000 a kilo to a few hundreds of dollars.
Washington state-based Stoke Space is aiming to achieve what no company has done – operate commercial rockets whose first and second stages are designed to return to Earth and fly again.
“Stoke Space is looking to solve mobility to space, through space and from space,” Andy Lapsa, the company’s chief executive, told The National in an interview. “The only way to reduce costs, increase flight frequency and improve availability at the same time is through fully, rapidly reusable vehicles.”
While companies such as SpaceX have made strides with partially reusable rockets, Stoke Space wants to take reusability to the next level. It intends to develop its Nova rocket system, which would function almost like a commercial aircraft, with a quick turnaround time between flights.
Pioneering a reusable second stage
The challenge of creating a reusable second stage remains one of the industry’s biggest. Stoke Space’s approach involves a liquid hydrogen and liquid oxygen rocket engine and a liquid-cooled heat shield, which protects the vehicle during the intense heat and pressure of atmospheric re-entry.
Traditional methods for re-entry, such as ceramic tiles or ablative heat shields that burn away during descent, are either non-reusable or prone to damage, which adds to costs.
"The liquid-cooled heat shield enables us to go to space and come back and protect the vehicle during the very intense environments during re-entry," said Mr Lapsa.
Last year, the company tested a prototype second stage, successfully carrying out a vertical take-off and landing. The vehicle "hopped" nine metres in a 15-second flight. The test helped to demonstrate the company's engine, heat shield, software and other technology. This year, the company has carried out two tests of its new engine for its first stage.
Competitive race toward reusability
Stoke Space is not the only company racing to make fully reusable rockets a reality. SpaceX, the industry leader, is developing its Starship rocket, with both stages of the vehicle designed to return to Earth for reuse. The company has revolutionised the market with reusable first stages of its Falcon 9 and Falcon Heavy rockets, but second stages are still expendable.
“Fully reusable vehicles are the end state of this industry,” said Mr Lapsa. “It’s critical for the global space economy to have more than one player providing services to get to space and back.”
Full reusability could cut launch costs significantly, enabling more frequent and affordable access to space.
Progress on the horizon
Stoke Space, which was founded five years ago, has developed two high-performance rocket engines and is working on flight hardware.
The company has raised more than $180 million from venture capitalists and is quickly building the technology. Some of the companies supporting Stoke Space include Seven Seven Six, Industrious Ventures and Toyota Ventures.
Mr Lapsa declined to give a timeline for the rocket's development targets but said progress is accelerating.
“We’re moving as fast as we need to make it happen,” he said.
He visited the UAE on December 10 and 11 to explore partnership opportunities and attend the Abu Dhabi Space Debate. “The UAE has become a global hub for economic activity, and I’m blown away by everything that’s been done here,” he said. “We’re trying to see where there might be areas of alignment or interest.”
Sheer grandeur
The Owo building is 14 storeys high, seven of which are below ground, with the 30,000 square feet of amenities located subterranean, including a 16-seat private cinema, seven lounges, a gym, games room, treatment suites and bicycle storage.
A clear distinction between the residences and the Raffles hotel with the amenities operated separately.
What is a Ponzi scheme?
A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
- Wrap your car to change the exterior colour
- Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
- Avoid leather interiors as these absorb more heat
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Company%20Profile
%3Cp%3ECompany%20name%3A%20EduPloyment%3Cbr%3EDate%20started%3A%20March%202020%3Cbr%3ECo-Founders%3A%20Mazen%20Omair%20and%20Rana%20Batterjee%3Cbr%3EBase%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Recruitment%3Cbr%3ESize%3A%2030%20employees%3Cbr%3EInvestment%20stage%3A%20Pre-Seed%3Cbr%3EInvestors%3A%20Angel%20investors%20(investment%20amount%20undisclosed)%3C%2Fp%3E%0A
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Essentials
The flights
Emirates and Etihad fly direct from the UAE to Geneva from Dh2,845 return, including taxes. The flight takes 6 hours.
The package
Clinique La Prairie offers a variety of programmes. A six-night Master Detox costs from 14,900 Swiss francs (Dh57,655), including all food, accommodation and a set schedule of medical consultations and spa treatments.
