Relativity Space, a rapidly growing aerospace company, is revolutionizing the rocket industry with its innovative approach to designing, building, and launching rockets. Founded in 2015 by engineers Tim Ellis and Jordan Noone, the company’s mission is to leverage 3D printing technology to manufacture rockets faster, cheaper, and with more flexibility than traditional methods. Relativity Space’s initial flagship product, the Terran 1 rocket, is entirely 3D-printed and made its first and only launch in 2023. It has since been replaced by the Terran R rocket, set to make its debut in 2024. These expendable launch vehicles showcase the company’s commitment to pushing the boundaries of rocket manufacturing and launch capabilities. The Terran R, a larger, fully reusable rocket capable of delivering payloads up to 20,000 kg to Low Earth Orbit (LEO), further demonstrates the company’s ambition to drive innovation in the aerospace industry.
The company’s groundbreaking approach to rocketry, which harnesses the power of additive manufacturing, has garnered significant attention and investment, positioning Relativity Space as a key player in the commercial launch industry. By fusing 3D printing, artificial intelligence, and autonomous robotics, the company is pioneering the factory of the future and disrupting traditional aerospace manufacturing. Relativity Space’s focus on simplifying the supply chain and building rockets with significantly fewer parts in a fraction of the time reflects its commitment to optimizing efficiency and driving the future of space exploration.
Relativity Space has raised over $1.29 billion over six rounds, with the most recent round being a $650 million Series E on May 27, 2021, which valued the company at $4.32 billion with a preferred share price of $22.84. On November 14, 2023, Relativity Space authorized a Series F round at $22.67 per preferred share, slightly lower than its Series E round. This would value the company at $4.28 billion on a pre-money valuation basis. Previous investors include BlackRock, Coatue, Fidelity, Tiger Global, Tribe Capital, and Y Combinator, among others.
See how Relativity Space is performing against the Prime Unicorn Index below.