Relativity Space Valuation, Funding & Investors

Relativity Space is valued at $4.2B as of June 2021.

Last Relativity Space valuation

$4.2B

Series E · Jun 2021

Last Relativity Space funding round

$20M

Series F · Nov 2023

Cumulative funding Relativity Space raised

$1.4B

across 7 funding rounds

Key investors in Relativity Space

  • Y Combinator
  • Mark Cuban
  • Social Capital
  • David Spector
  • David Hodge
  • Tiger Global

Relativity Space Overview

About Relativity Space

Relativity Space is a Long Beach-headquartered aerospace manufacturer pioneering 3D-printed rockets. Founded in 2015, it builds Terran 1 and Terran R vehicles using additive manufacturing, AI, and robotics for a supply chain with 100 times fewer parts. The company assembles rockets in under 60 days at its Florida launch site for satellite constellation missions.


Founded

2015

HQ

United StatesLos Angeles, CA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$4.2B (Jun 2021)

Relativity Space Valuation

Relativity Space is currently valued at $4.2B, based on its Series E in June 2021.

The $650M round was led by Fidelity.

Relativity Space's valuation has grown 1.8x from $2.3B at its Series D in November 2020 to $4.2B in June 2021, across 2 priced rounds.

Relativity Space valuation by funding round

Relativity Space valuation by funding round
DateStageValuation
Jun 2021Series E$4.2B
Nov 2020Series D$2.3B

Relativity Space Funding History

Relativity Space has raised a total of $1.4B across 7 funding rounds.

Relativity Space's first fundraising round was a $600K seed round in March 2016. The most recent completed round was a $20M Series F in November 2023.

Relativity Space funding rounds

Relativity Space funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2023Series FK5 Global; Arvin Bhangu$20M-Relativity Space is a 3D-printed rocket startup developing reusable rockets like Terran 1 and Terran R for heavy-lift capabilities, aiming to accelerate Mars colonization alongside SpaceX. The company has raised over $1.4B across multiple rounds, with a notable Series E in June 2021 at $4.2B post-money valuation led by Fidelity and including K5 Global among participants. Earlier rounds include Series D in 2020 and Series E-II in 2021. Traction includes contracts like an $8.7M U.S. Air Force deal for additive manufacturing and anchor customers for Terran R launches planned from Cape Canaveral by 2024, with production timelines of 60 days per rocket.
Jun 2021Series EFidelity (lead)$650M$4.2BRelativity Space is an aerospace company founded in 2015 by Tim Ellis and Jordan Noone, former engineers at Blue Origin and SpaceX, respectively. The company specializes in 3D printing technology to manufacture rockets, with its flagship product being the Terran R, a fully reusable, entirely 3D-printed rocket. Relativity has also developed the largest metal 3D printers in the world to support its rocket manufacturing processes. In June 2021, Relativity Space closed a $650 million Series E equity funding round led by Fidelity Management & Research Company LLC, achieving a post-money valuation of $4.2 billion. The round included participation from new investors BlackRock, Centricus, Coatue, and Soroban Capital, along with existing investors Baillie Gifford, K5 Global, Tiger Global, Tribe Capital, XN, and individual investors including Mark Cuban, Jared Leto, and Spencer Rascoff. The funding was intended to scale production of the Terran R rocket and support long-term infrastructure development. The company's long-term vision extends beyond Earth-based launch services to include upgrading humanity's industrial base on Mars, positioning itself as a spacefaring technology pioneer.
Nov 2020Series DTiger Global (lead)$500M$2.3BRelativity Space, a California-based aerospace company, closed a $500 million Series D equity funding round led by Tiger Global Management in November 2020, valuing the company at $2.3 billion. The round included participation from new investors Fidelity Management & Research Company LLC, Baillie Gifford, ICONIQ Capital, General Catalyst, XN, Senator Investment Group, and Elad Gil, alongside existing investors including BOND, Tribe Capital, Playground Global, Mark Cuban, and others. This brought Relativity's total capital raised to $685 million. The company specializes in 3D printing entire rockets, positioning itself as a revolutionary approach to aerospace manufacturing by replacing traditional fixed tooling and complex supply chains with large-scale metal 3D printers. At the time of the Series D close, Relativity had not yet achieved a successful orbital launch of its flagship Terran 1 rocket, though the company was targeting an orbital test flight for late 2021. The funding was intended to accelerate development of the company's factory of the future, launch vehicle development, and 3D printing technologies, as well as gather the personnel, materials, and operational infrastructure needed for commercial launch operations. Relativity's CEO Tim Ellis highlighted that throughout 2020 the company achieved unprecedented growth and attracted top talent, positioning it as a sector leader in commercial execution and technical milestones.
Oct 2019Series CBond (lead); Tribe Capital (lead)$140M-Relativity Space, a company developing the world's first autonomous rocket factory and 3D-printed rockets for satellite launch services, closed a $140 million Series C funding round on October 1, 2019, led by Bond and Tribe Capital. The round included participation from new investors such as Lee Fixel, Michael Ovitz, Spencer Rascoff, Republic Labs, and Jared Leto, along with existing investors Playground Global, Y Combinator, Social Capital, and Mark Cuban. This funding fully funded the company to launch Terran 1, its entirely 3D-printed rocket, to orbit and enter commercial service in early 2021. The capital supported significant infrastructure expansion, growing operations from 10,000 square feet to over 280,000 square feet across facilities in Los Angeles, Mississippi, and Florida, with plans to reach 480,000 square feet by the end of 2019. Relativity aimed to scale production of Terran 1, targeting polar and Sun Synchronous Orbit launches, and had secured commitments including over $1 billion in MOUs and LOIs from commercial and government entities prior to this round. The company positioned itself in the $7 billion satellite constellation launch market by focusing on larger payloads with flexibility, short lead times, and low costs. At the time, Relativity had around 110 employees and brought total funding to over $185 million following a $35 million Series B in 2018. The company had partnerships with entities like Spaceflight and was selected for the National Space Council Users Advisory Group, with CEO Tim Ellis advising the White House.
Mar 2018Series BPlayground Global (lead); Y Combinator; Four Cities Capital; Social Capital; Mark Cuban; David Hodge$35M-Relativity Space closed a $35 million Series B financing round in March 2018 led by Playground Global, with full participation from existing investors Social Capital, Y Combinator, and Mark Cuban. The funding brought the company's total venture funding raised to over $45 million at that time. The capital was allocated to grow the company's scalable, automated process for manufacturing and launching entire rockets, further develop the Aeon 1 rocket engine and Terran 1 two-stage rocket, and expand the metal 3D-printing system underlying the production. The company planned to grow its team from 17 employees to over 45 by year-end 2018 and targeted a full-scale hold-down test of the rocket's integrated upper stage by the end of the year, with commercial launches slated to begin in 2021. At the time of the Series B round, Relativity had accumulated over $1 billion worth of memorandums of understanding and letters of intent from commercial and government entities globally for launch services, positioning itself as a disruptor in the $7 billion satellite constellation launch market with a focus on larger payloads, flexible scheduling, and lower costs compared to competitors.
Jul 2016Series ASocial Capital (lead); Y Combinator; Hiten Shah; Evolution VC Partners; Arjun Sethi; Mark Cuban; David Spector; David Hodge$10M-Relativity Space raised $10.1 million in its Series A round in July 2016, led by Social Capital. The funding aimed to expand the team and 3D printing capabilities for its pioneering 3D-printed rockets. Investors included Mark Cuban, Y Combinator, and others aligned with the query. The company, founded in 2015 and headquartered in Long Beach, CA, focuses on revolutionizing aerospace manufacturing with artificial intelligence and autonomous robotics. This round followed a seed round of $620K in March 2016 led by Mark Cuban and Y Combinator to kickstart 3D-printed rocket development. Subsequent rounds included a Series B of $35M in March 2018 led by Playground Global to scale production, building toward larger financings like the $500M Series D in November 2020 and $650M Series E in June 2021.
Mar 2016SeedMark Cuban (lead); Y Combinator (lead); Lux Capital; David Spector; Josh Buckley$600K--

Who has invested in Relativity Space?

18 investors have backed Relativity Space across its funding rounds, including Y Combinator, Mark Cuban, Social Capital, David Spector, David Hodge and Tiger Global.

Lead investors include Fidelity, Tiger Global, Bond, Tribe Capital, Playground Global and 3 other investors.


Relativity Space Investors

Investors in Relativity Space by funding rounds participated
InvestorHQRoundsRoleFirst check
Y CombinatorUnited StatesSan Francisco, CA3LeadMar 2016
Mark CubanUnited StatesDallas, TX3LeadMar 2016
Social CapitalUnited StatesSan Francisco, CA2LeadJul 2016
David SpectorUnited StatesSan Francisco, CA2ParticipantMar 2016
David HodgeUnited StatesSan Francisco, CA2ParticipantJul 2016
K5 GlobalUnited StatesSan Francisco, CA1ParticipantNov 2023
FidelityUnited StatesBoston, MA1LeadJun 2021
Hiten ShahUnited StatesSan Francisco, CA1ParticipantJul 2016
Evolution VC PartnersUnited StatesNew York City, NY1ParticipantJul 2016
Lux CapitalUnited StatesNew York City, NY1ParticipantMar 2016
Four Cities CapitalUnited StatesBoston, MA1ParticipantMar 2018
Arjun SethiUnited StatesSan Francisco, CA1ParticipantJul 2016
Tribe CapitalUnited StatesSan Francisco, CA1LeadOct 2019

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Relativity Space Competitors

Relativity Space competitors include listed companies like Infleqtion, Presight AI, Shenzhen Intellifusion and SenseTime Group, and private ones like Agile Space Industries and Generalist AI.

Public and private companies comparable to Relativity Space
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Agile Space IndustriesUnited StatesDurango, COPrivate$28M-$8B285.7x
InfleqtionUnited StatesUnited StatesPublicly listed$29M($52M)$3.1B64.5x
Presight AIUAEUAEPublicly listed$825M$214M$5.7B5.4x
Shenzhen IntellifusionChinaChinaPublicly listed$200M($3M)$3.1B14.6x
Generalist AIUnited StatesSan Francisco, CAPrivate--$3B-
SenseTime GroupChinaChinaPublicly listed$748M($70M)$6.2B5.8x

Relativity Space Public Comps

Relativity Space is still privately-owned, but its public comps include OHB, Avic (Chengdu) Uas, Tenable, XtalPi, AECC Aero-Engine Controls, Karman Space & Defense, Avic Aviation High-Tech, Exchange Income, Cochin Shipyard and Firefly Aerospace.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
OHB$1.4B$141M2.6x2.3x25.7x22.9x
Avic (Chengdu) Uas$450M$19M8.6x-202.0x-
Tenable$999M$31M4.1x3.9x129.9x15.3x
XtalPi$120M$22M24.8x21.5x134.0x(141.6x)
AECC Aero-Engine Controls$771M$150M4.3x4.2x22.4x-
Karman Space & Defense$472M$120M11.7x8.3x45.9x27.8x
Avic Aviation High-Tech$747M$212M4.5x4.6x15.9x16.3x
Exchange Income$2.3B$534M2.8x2.4x12.2x10.5x

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Common questions about Relativity Space

When was Relativity Space founded?Relativity Space was founded in 2015.
Where is Relativity Space headquartered?Relativity Space is headquartered in Los Angeles, CA, United States.
Is Relativity Space publicly listed?No, Relativity Space is a private, VC-backed company.
What is Relativity Space's valuation?Relativity Space was last valued at $4.2B in its Series E in June 2021.
How much funding has Relativity Space raised?Relativity Space has raised $1.4B across 7 funding rounds.
What was Relativity Space's last funding round?Relativity Space's last funding round was a $20M Series F in November 2023.
Who are Relativity Space's investors?Relativity Space's investors include Y Combinator, Mark Cuban, Social Capital, David Spector, David Hodge, K5 Global, Fidelity, Hiten Shah, Evolution VC Partners, Lux Capital and 8 others.
Which companies are comparable to Relativity Space?Companies comparable to Relativity Space include Agile Space Industries, Infleqtion, Presight AI, Shenzhen Intellifusion, Generalist AI and SenseTime Group.

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