How I Built a $4.2 Billion Space Startup – The Ultimate Video on how to build a Space Startup
Relativity Space
Relativity Space is an American aerospace manufacturing company headquartered in Los Angeles, California. It was founded in 2015 by Tim Ellis and Jordan Noone. Relativity Space is developing manufacturing technologies, launch vehicles and rocket engines for commercial orbital launch services.
Relativity Space was founded on the idea that existing NewSpace companies were not tapping enough into the potential of additive manufacturing (3D printing). It is aiming to be the first company to successfully launch a fully 3D-printed launch vehicle into orbit.
In November 2020, Relativity Space announced its US$500 million Series D funding at a calculated US$2.3 billion valuation. Relativity announced another US$650 million funding round led by Fidelity Investments in June 2021. It was at a valuation of US$4.2 billion, bringing its total funding to US$1.335 billion.
The funding will help the development of a fully reusable medium lift launch vehicle, the Terran R, targeting the first orbital launch not earlier than 2024.
We can recognise the biggest names in space by just their last names: Bezos, Musk and Branson. But you might want to keep an eye on an up-and-comer: Ellis. In order to join Elon Musk’s SpaceX in the race to Mars, Tim Ellis’s Relativity Space is building the world’s largest 3D printed rocket.
Tim spent five years working at Blue Origin before leaving to start the first 3D printed rocket company with a $500,000 check from Mark Cuban. Here’s how a 31-year-old named Tim Ellis built a $4.2 billion space start-up called Relativity Space.
CNBC
