Relativity Space Accelerates Production of the First Fully Reusable 3D-Printed Launch Vehicle
LONG BEACH, CA—Relativity Space, the first company to 3D print an entire rocket, recently announced that $650 million in new funding enables it to begin production on the Terran R, its fully reusable, entirely 3D-printed launch vehicle. The Series E equity funding round is led by Fidelity Management & Research Company LLC, with participation from investors including accounts managed by Mark Cuban.
“Just five years ago, we planned on 3D printing Terran 1 and then Terran R–a 20-times-larger fully reusable rocket–on our Factory of the Future platform,” says Tim Ellis, CEO and co-founder of Relativity. “Together with our first rocket Terran 1, our second product, Terran R, will continue to take advantage of Relativity's disruptive approach to 3D printing–reduced part count, improved speed of innovation, flexibility, and reliability–to bring to market the next generation of launch vehicles.