Rocket builder Relativity Space adds $500 million to its war chest

Luxembourg, 25 November 2020. – The U.S. 3D-printing rocket builder Relativity Space adds half a billion U.S. dollars to its “war chest”, CNBC reported.

The valuation of the company that produces rockets with the world’s largest 3D printers has climbed to $2.3 billion, making it the second most valuable private space company backed by venture capital, after SpaceX, CNBC said, citing a Pitchbook ranking, which does not include privately held and financed Blue Origin.

The financing round was led by Tiger Global Management.

Los Angeles-based Relativity is building its Terran 1 rocket nearly entirely with giant 3D printers and claims to be capable of “turning raw material into a rocket on the launchpad in under 60 days”, CNBC said.

Terran 1 is “among the most cost-effective launchers in the world,” the company claims on its website, pricing a 1.25 ton launch to Low Earth Orbit at $12 million U.S. dollars.