Status
Available
Last Round Valuation
$50 Billion
Share Price
$50.00
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Relativity Space is on a mission to become the next great commercial launch company. Terran R, the company’s medium-to-heavy lift reusable launch vehicle, aims to reliably deliver payloads to orbit on-time and on-budget for customers – meeting the needs of growing demand for space infrastructure. Leveraging the benefits of additive manufacturing to design, test, and iterate at a pace unmatched in the industry, Relativity is changing the way rockets are built and flown. The company’s long-term goal is to create humanity’s industrial base on Mars, paving the way for interplanetary life to fundamentally expand the possibilities of the human experience.
Relativity Space is attempting to tackle a key obstacle in the aerospace sector by transforming rocket production with 3D printing technology. The company seeks to significantly cut down the time, cost, and complexity involved in rocket construction by utilizing large-scale 3D printers to manufacture entire launch vehicles. This innovative method is intended to enable quick iterations, customization, and the creation of more optimized designs that can be challenging or unfeasible with conventional manufacturing techniques. By simplifying the production process, Relativity Space aims to lower the barriers to space access, by making it more affordable and potentially speeding up space exploration and commercialization.
Government and commercial customers need a faster, more cost-effective way to launch satellites, without relying on available ride-share slots on larger rocket launches. Recognizing this gap, Relativity developed Terran R to directly address these needs.
Terran R, the company’s medium-to-heavy lift reusable launch vehicle, aims to reliably deliver payloads to orbit on-time and on-budget for customers – meeting the needs of growing demand for space infrastructure.
Terran R’s design is an evolution of best-in-class architecture solutions, with strategic design choices to prioritize reusability, efficiency, and cost-savings. Intentionally designed to meet the needs of today's and tomorrow's payloads.
Terran R will launch from Launch Complex 16 at Cape Canaveral Space Force Base starting in 2026.
It is designed for 20 reuses early on, with further development to improve upon this in successive block upgrades.
According to Relativity Space its proprietary Factory of the Future is centered around Stargate, the world’s largest metal 3D printers. This patented approach to additive manufacturing enables innovative structural designs and unlocks an entirely new value chain. With this scalable technology platform, Relativity can accelerate its ability to improve design, production, quality, and speed.
Relativity’s approach enables: (1) Less fixed tooling and radical reduction in part count, (2) Faster design iteration and part optimization, (3) Real-time quality control and inspection, (4) Sensor and analytics-driven machine learning.
Terran 1 was Relativity Space's first rocket for constellation deployment and supply missions.
The technologies developed during the Terran 1 program were purposefully designed to gain valuable experience directly applicable to Terran R.
Terran 1 was 85% 3D-printed, and the company aims to increase the percentage of 3D-printed mass.
On March 22, 2023, Terran 1 became the first 3D printed rocket to reach space, and largest 3D printed object to exist. The Terran 1 rocket successfully got off the launch pad but failed to reach orbit because of an upper stage malfunction.
for this first launch, and that objective was to gather data at Max-Q, one of the most demanding phases of flight, and achieve stage separation,” said Arwa Tizani Kelly, technical program manager for test and launch at Relativity, during the webcast. “Today’s flight data will be invaluable to our team as we look to further improve our rockets, including Terran R."
In September 2024, Relativity Space secured an enhanced use lease agreement (EULA) for the vertical test stand at the A-2 complex within NASA’s historic Stennis Space Center in Hancock County, Mississippi. This agreement marks a milestone as the first instance of a commercial tenant modernizing an underutilized legacy test stand at NASA Stennis, showcasing the strength of the public-private partnership between Relativity and NASA. With this expansion, Relativity’s presence at NASA Stennis now spans nearly 300 acres, establishing the company as the largest commercial occupant on the site.
In a private update to "investors, advisors, and friends" summarizing its performance in the first half of 2024, Relativity revealed a commercial launch backlog of $2.6 billion and noted ongoing discussions or signed contracts with several major megaconstellation providers—excluding SpaceX. While CEO Tim Ellis declined to comment, multiple sources confirmed that Relativity recently secured a multi-launch agreement with Amazon's Project Kuiper constellation.
According to the LA Times in July 2024, as of June, Relativity Space had sold over $2 billion in launch service agreements to more than 10 clients.
Relativity has successfully launched the world's first 3D printed rocket into space and has pre-sold $1.8 billion in launch service agreements from commercial and government entities.
In April 2024, Relativity was awarded an $8.7 million contract by the U.S. Air Force Research Laboratory (AFRL) to advance real-time flaw detection in additive manufacturing. The two-year project, funded by AFRL’s Materials and Manufacturing Directorate at Wright-Patterson Air Force Base in Ohio, will be conducted at Relativity’s Long Beach, California factory. The research will leverage the company’s Stargate 3D printing platform, renowned for its large-scale metal printing capabilities.
In October 2023, Relativity announced a multi-year, multi-launch Launch Services Agreement (LSA) with Intelsat, the operator of the world’s largest integrated space and terrestrial network. As part of the agreement, Relativity will launch Intelsat satellites aboard its Terran R rocket, with missions set to begin as early as 2026.
In April 2023, Relativity announced that they updated their go-to-market approach for its Terran R and will target the medium to heavy category.
Customers
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Key Investors
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Size of Market
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Market Position
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Industry
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Primary Vertical
Employees
500
Mosaic Score
840
Money
760
Momentum
850
Management
760
Market
960
What is a Mosaic Score?
Name | Work History | Title | Status |
---|---|---|---|
John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
Last Round
Sept. 2019, Series B1
Valuation Post-Money
$400.2M
Amount Raised
$2.5M
Total Funds Raised
$75.2M
Implied Valuation
$84M
Date | Round | Amount | Valuation | Investors |
---|---|---|---|---|
MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
Company | Valued | Revenue |
---|---|---|
Coinbase San Francisco, CA |
$2.8B | $1.3B |
Coinbase San Francisco, CA |
$2.8B | $1.3B |
Coinbase San Francisco, CA |
$2.8B | $1.3B |