Relativity Space Inc. is an American aerospace manufacturing company headquartered in Long Beach, California. Relativity Space is developing manufacturing technologies, launch vehicles, and rocket engines for commercial orbital launch services. As of March 2025, Relativity has announced plans to launch its in-development launch vehicle Terran R for the first time in late 2026.

History

Founding and funding (2015–2023)

Relativity Space was founded in 2015 by CEO Tim Ellis and CTO Jordan Noone on the idea that existing private spaceflight companies were not putting in enough attention and research into the potential of additive manufacturing (3D printing). Relativity was founded with the intent of being the first company to successfully launch a fully 3D-printed launch vehicle into orbit.

In November 2020, Relativity Space announced its US$500 million Series D funding at a calculated US$2.3 billion valuation. In June 2021 Relativity announced another US$650 million funding round led by Fidelity Investments at a valuation of US$4.2 billion, bringing its total funding to US$1.335 billion. The funding will help the development of a partially reusable heavy-lift launch vehicle, the Terran R, targeting a first orbital launch no earlier than 2026. Relativity Space has investors including Baillie Gifford, Blackrock, BOND, Coatue, Fidelity, General Catalyst, ICONIQ Capital, K5 Global, Mark Cuban, Playground Global, Social Capital, Tiger Global, Tribe Capital, and Y Combinator among others.

Relativity Space
Nserrano · CC BY-SA 3.0 via Wikimedia Commons

In June 2022, it was reported that Relativity Space would send OneWeb’s second-gen broadband satellites to orbit in 2025 (though Terran R is now projected to launch for the first time no earlier than 2026). This announcement marked a total value of binding launch deals for that rocket to over $1.2 billion despite the company having yet to have launched their first rocket.