Relativity Space, a Los Angeles, CA-based company building an autonomous rocket factory and launch services for satellites, closed a $140m Series C funding round.
The round was led by Bond and Tribe Capital, with participation from new investors Lee Fixel, Michael Ovitz, Spencer Rascoff, Republic Labs, and Jared Leto, and current investors Playground Global, Y Combinator, Social Capital, and Mark Cuban.
The company intends to use the funds to prepare the launch of an entirely 3D printed rocket to orbit and enter commercial service in early 2021.
Co-founded by Tim Ellis and Jordan Noone, Relativity Space is an aerospace company developing the Stargate factory, which integrates machine learning, software, and robotics with metal 3D printing technology, build and launch rockets in days instead of years. Built from raw material to launch-ready in less than 60 days with a payload capacity up to 1250 kg, Relativity’s Terran 1 rocket is now upgraded to a 3-meter payload fairing with 2-times larger volume than before. Both the Stargate factory and Terran 1 are completely designed, built, and operated in the United States.
The company has 110 employees.