Liftoff For Rocket Maker Relativity Space’s New Funding Round

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Relativity Space got its latest funding round successfully off the ground.

The Los Angeles based startup confirmed it closed a $140 million in Series C funding round lead by Tribe Capital and Bond. Several other investors chipped in as well, including Republic Labs, Y Combinator, Social Capital, Playground Global, and individual investors Mark Cuban (“Shark Tank”), Lee Fixel, entertainment exec Michael Ovitz, actor Jared Leto, and Spencer Rascoff.

Relativity wants to become the first company in the world to launch an all 3D printed rocket to orbit and enter commercial service in early 2021, according to the company’s press statement.

“Relativity was founded with the long term vision of 3D printing the first rocket made on Mars and expanding the possibilities for human experience in our lifetime. With the close of our Series C funding, we are now one step closer to that vision by being fully funded to launch Terran 1 to orbit as the world’s first entirely 3D printed rocket,” said Tim Ellis, Co-founder and CEO of Relativity Space.  “Bond and Tribe are unrivaled partners in leading this funding round, and we are excited to build this important future together with our entire team.”

Relativity is developing an aerospace factory called Stargate factory, which will integrate machine learning, software, and robotics with metal 3D printing technology, enabling Relativity to build and launch rockets in days rather than years. It’s the first aerospace factory of its kind. Built from raw material to launch-ready in less than 60 days with a payload capacity up to 1250 kg, Relativity’s Terran 1 rocket is now upgraded to a 3-meter payload fairing with 2-times larger volume.  Both the Stargate factory and Terran 1 are completely designed, built, and operated in the US.

Since March 2018, the last funding round for Relativity, it has achieved key milestones across product development, government partnerships, and business momentum and is on track to commence commercial service in 2021. The company advanced its groundbreaking Stargate factory to expand print production capacity 4x and developed several larger next-generation Stargate 3D printers with optimized controls and software, improving scalability and adaptability to evolving customer needs.

Founded in 2015 by Tim Ellis and Jordan Noone, Relativity Space is building the world’s first autonomous rocket factory and launch services for satellite constellations. The company’s vision is to expand the possibilities for human experience by building the future of humanity in space faster – using their 3D printed, autonomous rockets.