Relativity Space, a rocket startup founded by former Blue Origin and SpaceX engineers, just quadrupled its funding by raising $140 million. CEO Tim Ellis says it's enough cash to fund Relativity through the first launch of its Terran 1 rocket in 2021.
New York Relativity Space, a rocket startup founded by former Blue Origin and SpaceX engineers, just quadrupled its funding by raising $140 million.
CEO Tim Ellis says it's enough cash to fund Relativity through the first launch of its Terran 1 rocket in 2021. It also sets the company apart from many of its competitors in the crowded arena of rockets dedicated to launching small satellites. The industry has dozens of startups with pitchbooks and blueprints, but very few have significant cash and factory space. Smallsat launch companies like Relativity aren't looking to compete directly with firms such as SpaceX and Blue Origin.
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