Relativity Space is a company developing process of building and flying rockets that is headquartered in Inglewood, California and was founded in 2016 by Jordan Noone and Tim Ellis. The company automates manufacturing processes for the aerospace industry related to robotics, software, and 3D printing technologies. The company claims their rockets have 100 times fewer parts, and have a 10 times faster production time.
On March 22, 2016 Relativity Space announced raising $620,000 in seed funding from Y Combinator and Mark Cuban.
On July 18, 2016 Relativity Space announced raising $10.1 million in series A funding from Social Capital (lead investor), Y Combinator, Mark Cuban, and David Spector.
On March 27, 2018 Relativity Space announced raising $35 million in series B funding from Playground Global (lead investor), Y Combinator, Social Capital, Mark Cuban, and Louis Beryl. The company plans on using their series B funding to growth in the satellite constellation market and increase the number of partnerships it has.
On 1, 2019 Relativity Space announced raising $140 million in series C funding from Tribe Capital (lead investor), Bond (lead investor), Y Combinator, Wavemaker Partners, Tribe Capital, Social Capital, Republic Labs, Playground Global, Zander Lurie, Tom Staggs, spencer Rascoff, and Phil Deutch. The company claims their series C funding will give them enough capital for them to fund the launch of their first rocket in 2021.