Successfully completed a fully printed Aeon 1 rocket engine Mission Duty Cycle (MDC) test for 186 seconds of the 23,000 pound thrust engine, the full duration required for the launch of its Terran 1 first stage rocket. ![]() Upgraded the Terran 1 rocket payload fairing to 3 meters, increasing available payload volume by 2x the previous design, and upgraded the Aeon 1 engine from 17,000 to 23,000 pounds of thrust in a high performance liquid methane and liquid oxygen gas generator engine cycle.Developed, commissioned, and operated Relativity’s third generation Stargate printers, the world’s largest metal 3D printers, with uninterrupted and safe operation through the COVID pandemic.Commenced the flight prints and began production of the first Terran 1 orbital rocket, on track for launch next year from Cape Canaveral.New, expanded customer contracts with Spaceflight Industries, the leading satellite rideshare and mission management provider, to launch Spaceflight’s dedicated smallsat rideshares and Momentus, the provider of in-space last mile delivery services, to launch their small and medium satellite customers to GEO, MEO, low inclination, and multi-insertion orbits these add to existing launch contracts with Telesat, the renowned global satellite operator, to support their LEO constellation and mu Space, the innovative Thai satellite and space technology company, to launch their first LEO satellite.Announced Iridium as Relativity’s fifth commercial launch customer, with a contract to deliver up to six Iridium NEXT constellation ground spares on dedicated launches to LEO.Government mission via Lockheed Martin’s selection of Relativity to launch a cryogenic fluid management mission as part of its NASA Tipping Point contract Over the past year, the company achieved pioneering milestones including: By fusing 3D printing, artificial intelligence, proprietary software, and autonomous robotics, Relativity’s team is creating an entirely new value chain for aerospace, starting with orbital launch. With this new Series D funding, we will now dramatically accelerate the development of our long-term plans and look beyond first launch.”ĭisrupting 60 years of aerospace, Relativity’s radically simplified supply chain enables the company to build its orbital rocket, Terran 1, with 100x fewer parts in less than 60 days. “We are on track to launch our first Terran 1 rocket to orbit next year with existing capital on our balance sheet. Throughout 2020, Relativity achieved unprecedented growth, attracted top talent, and stepped up to deliver results we could have only imagined when we started the company less than five years ago,” shared Tim Ellis, Relativity’s co-founder and CEO. “This past year drove change in every industry, including aerospace. The funding will enable Relativity to accelerate its planned initiatives, including its factory of the future, launch vehicle development, and 3D printing technologies as it builds toward humanity’s multiplanetary future. ![]() The Series D equity funding validates Relativity’s sector-leading momentum across commercial execution, technical milestones, and talent growth. Existing investors participating in the round include BOND, Tribe Capital, K5 Global, 3L, Playground Global, Mark Cuban, Spencer Rascoff, and Allen & Company LLC, among others. ![]() The round was led by Tiger Global Management with participation from new investors Fidelity Management & Research Company LLC, Baillie Gifford, ICONIQ Capital, General Catalyst, XN, Senator Investment Group, and Elad Gil. Los Angeles, California (November 23, 2020) – Relativity Space the first company to 3D print an entire rocket and build the largest metal 3D printers in the world, today announced it closed a $500 million Series D equity funding round. ![]() Investment led by Tiger Global Management with participation from new investors Fidelity Management & Research Company LLC, Baillie Gifford, ICONIQ Capital, General Catalyst, XN, Senator Investment Group, and Elad Gil as well as existing investors BOND, Tribe Capital, K5 Global, 3L, Playground Global, Mark Cuban, Spencer Rascoff, and Allen & Company LLC, among others Series D financing accelerates Relativity’s commercialization, production scaling, and long-term development company charts new initiatives to be announced in 2021įollows significant technical, commercial, infrastructure, and team momentum as Relativity defines the forefront of an inevitable shift toward software-defined manufacturing in aerospace
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