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Industries
Robotics & Automation
Hardware
Industrial & Manufacturing
Aerospace
Company Size
1,001-5,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
$2.2B
Headquarters
Long Beach, California
Founded
2016
Relativity Space focuses on designing and manufacturing rockets through large-scale 3D printing and autonomous processes to offer launch services for satellites and other payloads. Its flagship Terran R is a reusable, medium-to-heavy lift rocket intended to deliver payloads to Low Earth Orbit (LEO) and Geosynchronous Transfer Orbit (GTO). The company uses additive manufacturing to simplify rocket design, reduce production time and costs, and relies on patented technologies to enable more autonomous production and integration. Revenue comes from launching customer payloads; in March 2023 it launched Terran 1, demonstrating the viability of its 3D-printed rocket approach.
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Total Funding
$2.2B
Above
Industry Average
Funded Over
8 Rounds
Health, dental & vision coverage
Wellness stipend
401(k)
Equity
11 company holidays
Generous PTO policy
Monthly lunches, game nights, & offsite events
Parental leave
Annual learning stipend
A candidate for California governor has made taxing the rich a center piece of his campaign.
Relativity Space, the rocket maker founded by Tim Ellis, is abandoning its 3D printing vision and pivoting to traditional rocket manufacturing after burning through over $1 billion. The company has secured nearly $800 million in fresh funding from new CEO Eric Schmidt, the former Google chief who took over earlier this year. Schmidt, whose fortune is estimated at $52 billion, is raising capital at a valuation exceeding $1 billion—down from the company's $4 billion peak in 2021. He has hired hundreds of staff with above-market compensation and plans to use Relativity to establish data centres in space, competing with SpaceX's similar initiative. The shift follows development setbacks that alienated investors. The move comes as commercial space investment surges, though numerous startups including Virgin Orbit have failed.
SES extends multi-launch agreement with Relativity Space. SES and Relativity Space have expanded their multi-year, multi-launch services agreement to launch new SES satellites aboard Relativity's Terran R rocket. What is the new agreement between SES & Relativity about? Under the partnership, Relativity's medium-to-heavy-lift reusable launch vehicle will be used to lift off SES spacecraft to their final orbital positions, the satellite operator said Wednesday, noting that the extended agreement includes previously unannounced SES missions. Terran R will deliver high performance and reliable and cost-effective access to space required for such missions, the company added. The rocket's maiden flight is slated for late 2026, launching from Cape Canaveral, Florida. What did SES & Relativity Space ceos say about the extended agreement? "SES is committed to working with an ecosystem of 'new space' innovators to evolve our network," said SES CEO Adel Al-Saleh. "Deepening our collaboration with Relativity Space and Terran R demonstrates that commitment - pairing reusable, medium to heavy lift capability with SES's multi-orbit vision to deliver more capacity, more quickly, and with greater resilience for years to come." Emphasizing the strategic vision driving the partnership, Eric Schmidt, CEO of Relativity Space, said "broad access to orbit enables the breakthroughs that will shape our future. From global connectivity to scientific discovery, these launches with SES represent part of a larger effort to drive innovation and push the boundaries of the possible."
“Gives you a sense of how big this crisis is.”…
Eric Schmidt, the former Google CEO, has officially stepped in as the new CEO of Relativity Space.
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Industries
Robotics & Automation
Hardware
Industrial & Manufacturing
Aerospace
Company Size
1,001-5,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
$2.2B
Headquarters
Long Beach, California
Founded
2016
Find jobs on Simplify and start your career today