Relativity Raises $35 Million Series B Round

LOS ANGELES (Relativity Space PR) — Relativity today announced the close of its $35 million Series B financing, led by Playground Global with full participation from existing Series A investors Social Capital, Y Combinator Continuity and Mark Cuban.

The funding will be used to grow the company’s scalable, automated process for manufacturing and launching entire rockets from conception to production. The company has proven itself as an emerging disruptor in the $7 billion satellite constellation launch market and is working with leading commercial and government entities around the world. This new round brings Relativity’s total venture funding raised to over $45 million.

(more…)

Relativity Seeks to Disrupt Smallsat Launch Industry

A startup named Relativity has conducted more than six dozen test firings of a new liquid oxygen/liquid methane rocket engine at NASA’s Stennis Space Center, CEO Tim Ellis told a Senate subcommittee last week.

“Relativity is a stealth-mode startup re-imagining the way orbital rockets are built and flown,” said Ellis, who co-founded the company. “We are creating a new launch service for orbital payloads enabled by never-seen-before technologies, allowing for a high degree of launch schedule certainty at significantly reduced cost.”

(more…)