. 24/7 Space News .
Relativity Space raises 35M in Series B funding
by Staff Writers
Los Angeles CA (SPX) Mar 29, 2018

Relativity's process aims to disrupt the entire tech stack from design algorithms, supply chain, inventory management, quality control, and the very way raw materials form themselves into complex aerospace products. It is this ingenuity that will save millions of dollars for each of Relativity's customers at every launch.

Relativity has reported the close of its $35 million Series B financing, led by Playground Global with full participation from existing Series A investors Social Capital, Y Combinator Continuity and Mark Cuban. The funding will be used to grow the company's scalable, automated process for manufacturing and launching entire rockets from conception to production.

The company has proven itself as an emerging disruptor in the $7 billion satellite constellation launch market and is working with leading commercial and government entities around the world. This new round brings Relativity's total venture funding raised to over $45 million.

The 3D printing and automation of rocket production was inevitable. The aerospace industry has relied on heavy, inflexible tooling and high-touch labor since its inception. As the demand for space access increases, new approaches must be developed to accelerate the pace of progress. Relativity has fundamentally rethought the entire process to build and fly rockets and is disrupting 60 years of aerospace tradition.

Since forming in 2015, Relativity has built the world's largest metal 3D printer and completed over 100 rocket engine test fires on their quest to build their own rocket constructed almost entirely of 3D printed parts. This goes beyond just cubesats.

The custom-built rockets launch Earth-orbiting satellites with large payloads (i.e. a satellite the size of a small car), six times the size of its competitors' abilities. Relativity stands apart from other launchers in the space by not just employing 3D printing as a supplemental technique, but for over 95% of major components.

Using machine learning in combination with their custom software, hardware and proprietary metal alloys, Relativity has cut rocket part count from 100,000 to 1,000 and dramatically reduced labor and timelines by orders of magnitude.

Relativity's process disrupts the entire tech stack from design algorithms, supply chain, inventory management, quality control, and the very way raw materials form themselves into complex aerospace products. It is this ingenuity that will save millions of dollars for each of Relativity's customers at every launch.

"The future of space requires faster, cheaper, more flexible rocket production and launch that is simply not possible with traditional approaches," said Tim Ellis, CEO and Co-founder of Relativity.

"By leveraging an all-in approach to 3D printing, we will fully automate the production of rockets. This will change the way the launch industry views lead times, product iteration rates, and costs. Our technology development is also on-path toward scaling and sustaining an interplanetary society. We will build toward this amazing future far faster with our new capabilities."

"Relativity is shaking up an industry that hasn't experienced this level of innovation in decades," said Jory Bell, Investment Partner at Playground Global and Relativity Board Member. "We are excited to be a part of a company that is taking a radical approach and we believe Relativity brings significant value to the aerospace ecosystem."

The new funding serves as a catalyst for Relativity to continue its growth in the satellite constellation market and expand its partnerships. Relativity stands apart from others in the launcher space who've focused on small payloads at the expense of margins; the company is concentrating on larger payloads with unprecedented flexibility, lead time and low cost - one of the most difficult problems in aerospace but also one of the most lucrative.

The new funding will also further Relativity's already strong partnerships; the company has over $1 billion worth of MOUs and LOIs committed from leading commercial and government entities around the world.

Relativity is the only venture-backed startup selected for the National Space Council Users Advisory Group through which Relativity CEO and Co-founder Tim Ellis serves as an advisor to the White House.

The company was recently awarded a first of its kind, 20-year test site partnership with NASA Stennis valued at over $30 million for exclusive lease and use of the 25 acre E4 Test Complex.

This is Stennis' first CSLA agreement and enables Relativity to develop, qualify, and acceptance test up to 36 complete rockets per year and includes an option to expand up to 250 acres. Since January 2018, Relativity has quadrupled their infrastructure footprint size going from 10,000 square feet of manufacturing and office space to over 40,000.

By creating a fundamental shift in how quickly and inexpensively rockets are designed, constructed and launched, Relativity is forever changing the aerospace industry and paving the way for the future of humanity in space.

Related Links
Relativity Space
The latest information about the Commercial Satellite Industry

Thanks for being there;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Monthly Supporter
$5+ Billed Monthly

paypal only
SpaceDaily Contributor
$5 Billed Once

credit card or paypal

New laws unlock exciting space era for UK
London, UK (SPX) Mar 18, 2018
New laws are set to get Royal Assent today (15 March 2018) which will unlock an exciting era of British space innovation, exploration and investment. The Space Industry Bill will enable the first commercial space launch from UK soil in history, creating the potential for hundreds of highly-skilled jobs and bringing in billions of pounds for the economy. The passing of the Bill, the most modern piece of space industry legislation anywhere in the world, means British businesses will soon be ab ... read more

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

NASA accepting applications for mission control leaders

Inspired by ASU NASA mission, students create space art

Fifty years on, Yuri Gagarin's death still shrouded in mystery

Rooting for Answers: Simulating G-Force to Test Plant Gravity Perception in Mustard Seedlings

University student projects launch from NASA Wallops

Chinese scientists developing bee-inspired aerospace vehicle

3D printing rocket engines in SPAIN

Soyuz rocket rolled out for launch

Opportunity making extensive study of rock target Aguas Calientes

Curiosity rover gets ready for its next adventure

Elon Musk's vision to colonize Mars updated in New Space

Instruments for next NASA mission to Mars being tested under Germany's Black Forest

Earth-bound Chinese spacelab plunging to fiery end

Chang'e-4 Lunar Probe will Reach the Far Side of the Moon

China to launch Long March-5B rocket next year

China plans to develop a multipurpose, reusable space plane

SSL to build direct broadcasting satellite for B-SAT

Spacecom selects SSL to build AMOS-8 comsat with advanced capabilities

Ground-breaking satellite projects will transform society

Isotropic Systems to offer OneWeb compatible ultra low-cost terminals

Researchers use 3-D printing to create metallic glass alloys

Pressing a button is more challenging than appears

New 'AR' Mobile App Features 3-D NASA Spacecraft

Diamond powers first continuous room-temperature solid-state maser

New study shows what interstellar visitor Oumuamua can teach us

TRAPPIST-1 planets provide clues to the nature of habitable worlds

ESA's next science mission to focus on nature of exoplanets

'Oumuamua likely came from a binary star system

Jupiter's turmoil more than skin deep: researchers

New Horizons Chooses Nickname for 'Ultimate' Flyby Target

Jupiter's Great Red Spot getting taller as it shrinks

Jupiter's Jet-Streams Are Unearthly

The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.