Relativity Space

Relativity Space

A company developing process of building and flying rockets.

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.

Funding
Seed

On March 22, 2016 Relativity Space announced raising $620,000 in seed funding from Y Combinator and Mark Cuban.

Series A

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.

Series B

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.

Series C

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.

Timeline

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Relativity Space Series A round
10,100,000
July 18, 2016
6 Results
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People

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Further reading

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Documentaries, videos and podcasts

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Companies

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News

Title
Author
Date
Publisher
Description
Darrell Etherington
December 17, 2020
TechCrunch
Relativity Space CEO Tim Ellis, Astra CEO Chris Kemp, and VOX Space (Virgin Orbit's national security-focused subsidiary) President Mandy Vaughn all joined us at TC Sessions: Space to jointly discuss their varied approaches to the small spacecraft launch market. Each has a very different type of space launch system, but each is targeting roughly the [...]
Anthony Ha
November 23, 2020
TechCrunch
Snapchat introduces a TikTok-style feed, Amazon Echo Buds add fitness tracking and Vettery acquires Hired. This is your Daily Crunch for November 23, 2020. The big story: Snapchat adds Spotlight Snapchat has introduced a dedicated feed where users can watch short, entertaining videos -- pretty similar to TikTok. This comes after the app also added [...]
FinSMEs
November 23, 2020
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Darrell Etherington
November 23, 2020
TechCrunch
3D-printed rocket startup Relativity Space has closed $500 million in Series D funding (making official the earlier reported raise), the company announced today. This funding was led by Tiger Global Management, and included participation by a host of new investors including Fidelity Management & Research Company, Baillie Gifford, Iconiq Capital, General Catalist and more. This [...]
Devin Coldewey
November 17, 2020
TechCrunch
Rocket printer Relativity Space is raising a $500 million D round, valuing the launch provider at $2.3 billion, as reported by CNBC and confirmed to TechCrunch by sources familiar with the matter. That's not bad for company that has yet to take its first payload to orbit. Relativity aims to reduce the cost and increase [...]
Eric Berger
November 9, 2020
Ars Technica
"Despite coronavirus, we actually hit that target on track."
Loren Grush
June 24, 2020
The Verge
Aerospace startup Relativity Space, which is aiming to fully 3D-print all of its rockets, is establishing a second launch site out of Vandenberg Air Force Base in California. That means the company will be able to launch from opposite coasts of the United States, thanks to its original planned launch site in Cape Canaveral, Florida.
Eric Berger
June 24, 2020
Ars Technica
"Relativity is really right in our sweet spot."
Devin Coldewey
June 24, 2020
TechCrunch
Relativity Space has a new customer for its 3D printed rockets: Established satellite maker and operator Iridium, which has picked the company for launches in 2023. To accomplish those, and other launches like them, the company is also setting up a new launch site at Vandenberg Air Base in California. "It's obviously pretty huge news [...]
Darrell Etherington
April 7, 2020
TechCrunch
Just like in almost every other industry, there's been a rash of layoffs among newer space startups and companies amid the novel coronavirus crisis. But Relativity Space has managed to avoid layoffs - and is even hiring, despite the global pandemic. Relativity CEO and founder Tim Ellis cites the company's focus on large-scale 3D printing, [...]
Eric Berger
March 6, 2020
Ars Technica
"The problem with the MK1 stuff was that I didn't have my eye fully on the ball."
Eric Berger
March 3, 2020
Ars Technica
Relativity now operates one-third of the test stands at NASA's Stennis Space Center.
Devin Coldewey
February 28, 2020
TechCrunch
Building a rocket is a big operation, even when you're printing them from the ground up, like Relativity Space . The launch startup is graduating from its initial office, which is a bit cramped for assembling rockets, to a huge space in Long Beach where the company will go from prototype to first flight. We [...]
Devin Coldewey
February 25, 2020
TechCrunch
The launch industry is undergoing a number of major changes, among them the shift from traditional manufacturing to 3D printing -- which Relativity Space is spearheading. The company plans to build 95% of its rocket using the world's biggest 3D printers, and could launch as early as next year. Co-founder and CEO Tim Ellis will [...]
Darrell Etherington
January 23, 2020
TechCrunch
The private launch market is an area of a lot of focus in the emerging space startup industry, not least because it unlocks the true potential of most of the rest of the market. But so far, we can count on one hand the number of new, private space launch companies that have actually transported [...]
By Michael Thomsen For Dailymail.com
October 14, 2019
Mail Online
These days, there's nothing robots can't do, even rocket science. An ambitious new startup in California is training an AI to manage 3-D printers as they manufacture rockets for space.
Daniel Oberhaus
October 14, 2019
Wired
Relativity Space may have the biggest metal 3D printers in the world, and they're cranking out parts to reinvent the rocket industry here--and on Mars.
Eric Berger
October 4, 2019
Ars Technica
"We look forward to embracing the competitive landscape."
Eric Berger
October 1, 2019
Ars Technica
"Fundraising is always a process."
October 1, 2019
news.yahoo.com
Four years after it was founded in Seattle, Relativity Space has landed its biggest infusion of capital to date -- and says the $140 million investment will fully fund its drive to launch the world's first all-3D-printed rocket into orbit and enter commercial service in 2021. The company, now based
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