Total amount raised
$3.5 Billions
Latest funding date
June, 2021
Location
Relativity Space has successfully raised significant capital through multiple funding rounds, attracting a diverse group of investors. The company is pioneering the development of 3D-printed rockets, aiming to revolutionize the aerospace industry.
Keep reading to explore the intricacies of Relativity Space's fundraising journey and the investors backing this innovative venture.
What Is Relativity Space?
Relativity Space, founded in 2015 by Jordan Noone and Tim Ellis, is an aerospace company based in Long Beach, California. The company specializes in designing, developing, and building 3D-printed rockets, aiming to revolutionize the manufacturing process by integrating 3D printing, artificial intelligence, and autonomous robotics.
With a workforce of 501-1000 employees, Relativity Space focuses on creating rockets with significantly fewer parts, reducing the complexity and time required for production. Their innovative approach allows them to build rockets in less than 60 days, setting new standards in the aerospace industry.
Relativity Space's mission is to become a leading commercial launch provider, addressing the growing demand for space infrastructure with reusable rockets that offer the right size payload capacity at competitive costs. Their iterative development approach and patented technologies drive their commitment to efficiency and cost-effectiveness.
How Much Funding Has Relativity Space Raised?
- Seed Round
- Amount Raised: $620K
- Date: March 2016
- Lead Investors: Mark Cuban, Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their 3D-printed rocket technology.
- Series A
- Amount Raised: $10.1M
- Date: July 2016
- Lead Investors: Social Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their team and further develop their 3D printing capabilities.
- Series B
- Amount Raised: $35M
- Date: March 2018
- Lead Investors: Playground Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up production and refine their rocket designs.
- Series C
- Amount Raised: $140M
- Date: October 2019
- Lead Investors: Bond, Tribe Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the development of their first rocket, Terran 1.
- Series D
- Amount Raised: $500M
- Date: November 2020
- Lead Investors: Tiger Global Management
- Valuation at Round: $2.3B
- Motivation Behind the Round: To build out their manufacturing infrastructure and prepare for the first launch of Terran 1.
- Series E
- Amount Raised: $650M
- Date: June 2021
- Lead Investors: Fidelity
- Valuation at Round: $4.2B
- Motivation Behind the Round: To accelerate the production of Terran R, a fully reusable rocket.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: February 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series F
- Amount Raised: $20M
- Date: November 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and future projects.
Relativity Space has raised a total of $1.955B in funding. The current valuation is $4.2B.
Key Investors
- Fidelity
- Details: Fidelity is a multinational financial services corporation known for its investment management and brokerage services. It provides a wide range of financial products and services to individual investors and institutions.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Amazon, Google, Facebook.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology industries. The firm is known for its aggressive investment strategy and significant stakes in high-growth companies.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Stripe, ByteDance, Spotify.
- Bond
- Details: Bond is a venture capital firm that invests in technology companies. The firm focuses on supporting innovative startups that have the potential to disrupt traditional industries.
- Investment Focus Areas: Technology companies.
- Notable Investments: Airbnb, DoorDash, Stripe.
- Tribe Capital
- Details: Tribe Capital is a venture capital firm that uses data science to identify and invest in promising startups. The firm leverages its expertise in data analysis to make informed investment decisions.
- Investment Focus Areas: Technology startups.
- Notable Investments: Slack, Carta, Front.
- Playground Global
- Details: Playground Global is a venture capital firm that invests in early-stage technology companies. The firm provides not only capital but also strategic guidance and resources to help startups grow.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Nervana Systems, Owl Labs, Relativity Space.
What's Next for Relativity Space?
Relativity Space is poised to seize significant opportunities with the development of Terran R, a fully reusable rocket designed to carry large payloads to low Earth orbit. The company has already secured its first anchor customer and aims to launch Terran R from Cape Canaveral by 2024. This positions Relativity Space to compete in the heavy-lift rocket market, currently dominated by SpaceX, and to capitalize on the growing demand for cost-effective spaceflight solutions.
Future fundraising opportunities appear promising as the company continues to attract high-profile investors. With a valuation of $4.2 billion and substantial backing from firms like Fidelity and BlackRock, Relativity Space is well-positioned to secure additional funding rounds. These funds will be crucial for scaling production and meeting the ambitious launch schedules.
However, challenges remain. Successfully launching Terran 1 and Terran R as planned, competing with established players, and scaling 3D printing technology to meet production demands are significant hurdles. Ensuring the reliability and safety of their rockets will be critical as they navigate the competitive landscape of the aerospace industry.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Relativity Space and gather other critical business insights.
Sign up for free on Clay and start transforming your sales approach today.
