Relativity Space has announced it has closed a $140 million Series C funding round led by Bond and Tribe Capital, boosting its future aspirations.
With the commercial launch industry growing – not least due to a new wave of small launch vehicles in development – many of these vehicles feature innovative technologies, such as new materials or production processes. Relativity Space is taking innovation to the extreme: 3D printing an entire rocket in just two months.
With this $140 million funding round, Relativity is fully funded to become the first company in the world to launch an entirely 3D printed rocket to orbit and enter commercial service in early 2021.
Aiming for lower costs, less lead time for launches, and quicker design iteration, Relativity has designed a launch vehicle made from less than 1,000 components, all of which are 3D printed. The low part count and highly automated manufacturing process means the rocket can go from raw material to flight readiness in less than 60 days.
The company was co-founded in 2015 by CEO Tim Ellis, who had previously worked as an engineer for Blue Origin. Now headquartered in Los Angeles, California, Relativity is deep into the testing program that ...