Relativity Space raises $650 million from Fidelity and others

 Relativity Space raises $650 million from Fidelity and others to build 3D-printed SpaceX competitor

 

• Relativity Space raised $650 million led by Fidelity and joined by investors, including BlackRock and Tiger Global, as the company steps up work on a fully reusable rocket that will attempt to challenge Elon Musk’s SpaceX in less than three years.
• “We’ve signed up to create a lot of value, certainly remaining the second most highly valued space company in the world,” Relativity Space CEO Tim Ellis told CNBC.
• Relativity’s planned Terran R rocket will be able to carry 20 times as much to orbit as Terran 1, the latter of which the company is on track to launch for the first time by the end of this year.
• https://www.cnbc.com/2021/06/08/relativity-space-raises-650-million-for-3d-printed-spacex-competitor.html
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