“Relativity is shaking up an industry that hasn’t experienced this level of innovation in decades. 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,” said Jory Bell, Investment Partner at Playground Global and Relativity Board Member.
Relativity Space already has over $1 billion worth of Memorandum Of Understandings (MOUs) and Letter Of Intents (LOIs) from leading commercial and government entities around the world. It is the only venture-backed startup selected for the National Space Council Users Advisory Group, and was recently awarded a first-of-its-kind 20-year test site partnership with NASA Stennis for exclusive lease and use of the 25-acre E4 Test Complex.
The company, which was formed in 2015, wants to fully 3D print rockets with a giant 3D printer and almost no human intervention. In the roughly three years that Relativity has been in existence, it has built what it describes as the world’s largest metal 3D printer and has completed more than 100 rocket engine test fires. Relativity uses machine learning in combination with custom software, hardware and proprietary metal alloys to fabricate over 95% of its rockets’ major components using 3D printing.
“By leveraging an all-in approach to 3D printing, we will fully automate the production of rockets. ” said Tim Ellis, CEO and Co-Founder of Relativity Space. Recently, the company announced the closing of its $35 million Series B financing, led by Playground Global and with full participation from existing Series A investors Social Capital, Y Combinator Continuity and Mark Cuban. The funding will be used to advance the company’s scalable and automated process for building rockets, from conception to production.
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