- Companies
- Relativity Space
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Jun 2021 | Series E | $4.2B |
| Nov 2020 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2023 | Series F | K5 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 2021 | Series E | Fidelity (lead) | $650M | $4.2B | Relativity 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 2020 | Series D | Tiger Global (lead) | $500M | $2.3B | Relativity 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 2019 | Series C | Bond (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 2018 | Series B | Playground 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 2016 | Series A | Social 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 2016 | Seed | Mark 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Mar 2016 | ||
| 3 | Lead | Mar 2016 | ||
| 2 | Lead | Jul 2016 | ||
| 2 | Participant | Mar 2016 | ||
| 2 | Participant | Jul 2016 | ||
| 1 | Participant | Nov 2023 | ||
| 1 | Lead | Jun 2021 | ||
| 1 | Participant | Jul 2016 | ||
| 1 | Participant | Jul 2016 | ||
| 1 | Participant | Mar 2016 | ||
| 1 | Participant | Mar 2018 | ||
| 1 | Participant | Jul 2016 | ||
| 1 | Lead | Oct 2019 | ||
This data is available for Pro users. Sign up to see all 18 Relativity Space investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialRelativity 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $28M | - | $8B | 285.7x | ||
| Publicly listed | $29M | ($52M) | $3.1B | 64.5x | ||
| Publicly listed | $825M | $214M | $5.7B | 5.4x | ||
| Publicly listed | $200M | ($3M) | $3.1B | 14.6x | ||
| Private | - | - | $3B | - | ||
| Publicly listed | $748M | ($70M) | $6.2B | 5.8x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.4B | $141M | 2.6x | 2.3x | 25.7x | 22.9x | |||
| $450M | $19M | 8.6x | - | 202.0x | - | |||
| $999M | $31M | 4.1x | 3.9x | 129.9x | 15.3x | |||
| $120M | $22M | 24.8x | 21.5x | 134.0x | (141.6x) | |||
| $771M | $150M | 4.3x | 4.2x | 22.4x | - | |||
| $472M | $120M | 11.7x | 8.3x | 45.9x | 27.8x | |||
| $747M | $212M | 4.5x | 4.6x | 15.9x | 16.3x | |||
| $2.3B | $534M | 2.8x | 2.4x | 12.2x | 10.5x | |||
This data is available for Pro users. Sign up to see all Relativity Space competitors and their valuation data. Start Free Trial | ||||||||
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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