Fundraising Fox

Relativity Space

Unicorn · $4.2BYC W16

Los Angeles, US · Founded 2016 · Delaware corporation · 2,500 employees · Hiring · 29 known investors

Relativity Space develops Terran R, a reusable medium-to-heavy-lift rocket designed for efficiency and scalability, serving government entities, telecommunications companies, and commercial customers for space access missions. The company focuses on making space exploration more accessible, reliable, and sustainable.

Also known as Relativity · Relativity Space Inc.

Founders & leadership· Y Combinator alumni (W16)

Relativity Space was founded in 2016 by Tim Ellis and Jordan Noone.

TETim Ellis
Tim EllisinFounder/CEO
JN
Jordan NooneCo-founder
ESEric Schmidt
Eric SchmidtinCEO

Investors · 29

Also in the syndicate · 6

Brad BussCentricusFidelitySenator Investment GroupSoroban CapitalXN

Reported raises · per SEC filings

Form D private placements

$1.3B disclosed across 6 of 7 rounds · 2016–2021

$650MraisedSep 2021 · 63 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jory BellDirector
  • Noah KnaufDirector
  • Timothy EllisExecutive Officer, Director, Promoter
  • Jay ZaveriDirector
Offering amount
$650M
Amount sold
$650M
Sales commissions
$5.5M
Placement agents
Allen & Co.
First sale
May 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$500MraisedDec 2020 · 50 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jay ZaveriDirector
  • Timothy EllisExecutive Officer, Director, Promoter
  • Jory BellDirector
  • Noah KnaufDirector
Offering amount
$500M
Amount sold
$500M
Sales commissions
$10.2M
Placement agents
Allen & Co.
First sale
Nov 2020
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$132.9MraisedOct 2019 · 40 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jordan NooneExecutive Officer, Director, Promoter
  • Jay ZaveriDirector
  • Noah KnaufDirector
  • Timothy EllisExecutive Officer, Director, Promoter
  • Jory BellDirector
Offering amount
$140M
Amount sold
$132.9M
First sale
Sep 2019
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$28.6MraisedMar 2018 · 31 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jory BellDirector
  • Arjun SethiDirector
  • Jordan NooneExecutive Officer, Director
  • Timothy EllisExecutive Officer, Director
Offering amount
$35M
Amount sold
$28.6M
First sale
Mar 2018
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$8.4MraisedJul 2016 · 25 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Timothy A. EllisExecutive Officer, Director, Promoter
  • Jordan NooneExecutive Officer, Director, Promoter
Offering amount
$9.6M
Amount sold
$8.4M
First sale
Jul 2016
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1.1MraisedMay 2016 · 17 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jordan NooneExecutive Officer, Director, Promoter
  • Timothy A. EllisExecutive Officer, Director, Promoter
Offering amount
$2M
Amount sold
$1.1M
First sale
Mar 2016
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$4.2Bvaluation at Series EJun 2021
filing ↗
$2.3Bvaluation at Series DNov 2020
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

The YC application· Winter 2016 batch

Company profile

researched Aug 2026

Relativity Space Inc. is an American aerospace manufacturing and commercial spaceflight company headquartered in Long Beach, California, developing launch vehicles, rocket engines and associated manufacturing technologies for orbital launch services [3]. Its central approach combines additive manufacturing (metal 3D printing), artificial intelligence, proprietary software and autonomous robotics to reduce part count and compress build times; the company has said it can produce a rocket with roughly 100x fewer parts in under 60 days and has built what it describes as the world's largest metal 3D printers, branded Stargate [4][5]. Products listed include the Aeon 1 engine, the retired Terran 1 small-lift vehicle, and Terran R [3].

The company's first vehicle, Terran 1, was a two-stage, 110-foot (33.5 m) expendable rocket burning liquid methane and liquid oxygen, capable of up to 1,250 kg to low-inclination low Earth orbit and 900 kg to sun-synchronous orbit, with a three-meter payload fairing and a stated dedicated mission price of $12 million [4][6][7]. Terran 1 flew once, on March 22-23, 2023, from Cape Canaveral; it passed max-q and completed stage separation but an anomaly on the second stage prevented it from reaching orbit [3][4]. Relativity retired Terran 1 in April 2023 to focus on Terran R [3].

Terran R is a partially reusable medium-to-heavy-lift vehicle intended to serve satellite constellation and commercial launch markets. As currently marketed, it is quoted at 23,500 kg to LEO with downrange landing, 5,500 kg to GTO with downrange landing, and 33,500 kg to LEO in expendable configuration [0][2]. Earlier company material described a fully reusable, 216-foot, 16-foot-diameter vehicle with a 5 m fairing, seven Aeon R engines of 302,000 lb thrust each and an Aeon 1 vacuum upper-stage engine, capable of 20,000 kg to LEO [5]; a 2023 redesign moved to first-stage-only reuse, a mix of printed and conventionally manufactured parts, 13 Aeon R first-stage engines and one Aeon Vac second-stage engine, with a goal of more than 20 reusable flights per booster [7]. As of March 2025 the company targeted a first Terran R launch in late 2026 [3].

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
EmployeesJan 20262,000 people
HeadcountAug 20262,009
Launch contracts signed (Terran 1)Jun 20219 contracts
Number of US locationsJan 20265 locations
Pre-sold launch contracts (backlog)Jan 2026$3B
Terran 1 dedicated mission priceApr 2023$12M
Terran 1 payload to LEONov 20201,250 kg
Terran 1 payload to sun-synchronous orbitNov 2020900 kg
Terran R contract backlogMar 2025$2.9B
Terran R payload to GTO (downrange landing)Jan 20265,500 kg
Terran R payload to LEO (downrange landing)Jan 202623,500 kg
Terran R payload to LEO (expendable)Jan 202633,500 kg
Total funding raisedJun 2021$1.3B
ValuationJun 2021$4.2B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

8 people who came through Relativity Space went on to found or lead other companies.

Competitors · 6

by search overlap
SpaceX415 shared keywordsRevolutionizing space technology to make life multi-planetary
Capella Space323 shared keywordsCapella Space designs, builds, and operates synthetic aperture radar (SAR) satellite constellations that provide all-weather, day-and-night Earth observation imagery at sub-0.25m resolution. It offers an automated end-to-end tasking and data delivery platform serving defense and intelligence, maritime, disaster response, and infrastructure monitoring customers.
Sierra Space216 shared keywordsSpace company developing the Dream Chaser commercial spaceplane and the LIFE habitat for a next-generation LEO space station.
Firefly Aerospace170 shared keywordsFirefly Aerospace launches, lands, and operates space systems spanning Earth orbit to the Moon and cislunar space, serving customers such as commercial companies, NASA, and the U.S. Space Force. It develops the Alpha and Eclipse launch vehicles, Blue Ghost lunar landers, and Elytra orbital vehicles for payload delivery and in-space services.
Lockheedmartin167 shared keywordsLockheed Martin is a defense and aerospace company that develops military aircraft and advanced technology systems for government and defense customers. Its work includes programs such as the F-35 fighter jet and experimental aircraft developed through its Skunk Works division.
Builtinla140 shared keywordsBuilt In Los Angeles is the LA-focused edition of Built In, an online platform where tech professionals browse company profiles, job listings, and articles about the local startup and tech scene. It connects job seekers with employers and lets companies post jobs and recruit tech talent.

Companies competing with Relativity Space for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 2 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
NASAPhase I2020$115.3K
U.S. Air ForceAir ForcePhase I2020$50K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Timeline · 10

launches, deals, and filings
Mar 2025
Eric Schmidt replaces Tim Ellis as CEO and takes controlling interest

Former Google CEO Eric Schmidt became CEO of Relativity Space, replacing co-founder Tim Ellis and taking a controlling interest. At the time the company had a Terran R contract backlog of over $2.9 billion.

source ↗

Sep 2023
A-2 test stand lease at Stennis for Terran R stage testing

Agreement to lease the A-2 test stand for vertical stage testing of Terran R; upgrades increase thrust capacity from 650,000 lb to over 3.3 million lb.

source ↗

Apr 2023
Terran 1 retired in favor of Terran R

Relativity announced it would retire Terran 1 to concentrate on the larger, partially reusable Terran R launch system; Terran R was also redesigned for first-stage-only reuse to meet market demand.

source ↗

Mar 2023
First Terran 1 launch, 'Good Luck, Have Fun', fails to reach orbit

After scrubs on March 8 and March 11, 2023, Terran 1 lifted off from Cape Canaveral Space Force Station carrying no payload. It passed max-q and completed stage separation, but an anomaly during the second-stage burn prevented it from reaching orbit. Space.com dates the liftoff to March 22, 2023.

source ↗

Jun 2021
$650 million Series E led by Fidelity to scale Terran R production

Equity round at a $4.2 billion valuation bringing total funding to $1.335 billion, intended to scale the Terran R program and long-term infrastructure development.

$650M source ↗

Jan 2021
1,000,000 sq ft Terran R factory announced

A 93,000 m2 (1,000,000 sq ft) factory was announced in 2021; Relativity took over the former Boeing C-17 production plant in 2022 to begin Terran R production.

source ↗

Nov 2020
$500 million Series D led by Tiger Global Management

Series D round valuing the company at more than $2 billion (calculated $2.3 billion), with new investors Fidelity, Baillie Gifford, ICONIQ Capital, General Catalyst, XN, Senator Investment Group and Elad Gil.

$500M source ↗

Feb 2020
New Long Beach headquarters and factory announced

Announced an 11,000 m2 (120,000 sq ft) headquarters and factory in Long Beach, California, housing additive manufacturing and R&D facilities; Terran 1 was manufactured there.

source ↗

Jun 2019
Expanded Stennis footprint to Building 9101

Relativity expanded its Stennis Space Center work to include exclusive use of 20,000 m2 (220,000 sq ft) within Building 9101; the company planned to create 200 jobs and invest $59 million in Mississippi over a nine-year lease with a 10-year extension option.

$59M source ↗

Mar 2018
20-year lease signed at NASA Stennis Space Center

Relativity signed a 20-year lease at NASA's Stennis Space Center in Hancock County, Mississippi, to test engine components and eventually conduct full-scale testing of integrated rocket engines.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Relativity SpaceDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Relativity Space do?
US aerospace manufacturer building Terran R, a reusable medium-to-heavy-lift rocket, using large-scale metal 3D printing.
Who founded Relativity Space?
Relativity Space was founded by Tim Ellis, Jordan Noone in 2016.
Who are Relativity Space's investors?
Relativity Space's investors include Baruch Future Ventures, Bold Capital Partners, Coatue Management, Das & Co., Ethos VC, Evolution VC Partners, Helios Capital, Horizons Ventures and 15 more.
How much funding has Relativity Space raised?
Relativity Space has disclosed $1.3B raised across 6 of its 7 known rounds.
Where is Relativity Space headquartered?
Relativity Space is headquartered in Los Angeles, US.