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Relativity Space Stock (RESP)

Relativity Space looks to disrupt space access with 3D-printed rockets. They claim their autonomous factory utilizes the world's largest metal printer to dramatically reduce parts and build time. According to Relativity Space, this innovative approach offers a faster, more cost-effective solution for satellite launches.

Relativity Space is aiming to build the first autonomous rocket factory and launch services for satellites.

About Relativity Space Stock

Founded

2016

Total Funding

2.4B

Industries

Software, Artificial Intelligence, Data and Analytics

Relativity Space is an aerospace company that manufactures cost-effective, high-performance, and reusable rockets. The company manufactures these rockets with what it claims is the world’s largest metal 3D printer, Stargate. Relativity’s build process is said to cut rocket part count by 100x and enables rockets to be built in days instead of years. 

Relativity Space was founded in 2015 by Tim Ellis and Jordan Noone. Relativity Space is headquartered in Los Angeles, California. Notable investors include Social Capital, Y Combinator, and Mark Cuban.

Investors in Relativity Space

Discover investors in Relativity Space stock and explore their portfolio companies

Relativity Space Management

Leadership team at Relativity Space

Chief Executive Officer

Eric Schmidt

Chief Financial Officer

Muhammad Shahzad

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Relativity Space Key Facts

  • Growing Market Demand: The demand for satellite launches is increasing, driven by advancements in technology and a growing interest in space-related services. This presents a significant opportunity for Relativity Space to grow its business and increase revenue.
  • Strategic Pivot to a Reusable, High-Capacity Rocket: After canceling its smaller Terran 1 rocket, Relativity Space has made rapid progress on its new flagship vehicle, Terran R. The company has successfully completed the Aeon R first-stage engine qualification campaign and is making significant strides in building the rocket's primary structures. This strategic shift to a fully reusable, medium-to-heavy lift rocket positions the company to compete in a higher-value market with a proven business model, aligning it with the successful reusability strategy of market leaders.
  • Significant Infrastructure Expansion and Partnerships: To support the Terran R program, Relativity is aggressively expanding its infrastructure. The company is actively building its launch site at Cape Canaveral's Launch Complex 16 and has signed a lease agreement for NASA's historic A2 Test Stand at the Stennis Space Center. This partnership, which marks the first time a commercial company has modernized a legacy NASA test stand, signifies a strong relationship with government entities. This infrastructure investment and public-private partnership are crucial for accelerating testing and launch cadence.
  • Loss of Founding Vision and Brand Identity: Relativity Space has made a major strategic shift, moving away from its original goal of 100% 3D-printed rockets. The company's smaller, flagship Terran 1 rocket was canceled, and the company is now building the larger Terran R with "traditional" manufacturing methods for key components like domes and fairings. This pivot, which happened after the company's first orbital launch failure, risks alienating its original base of supporters and customers who were attracted to its innovative, fully 3D-printed vision. This also removes a key differentiator against competitors, making its business model more conventional.
  • Capital-Intensive Business Model: The aerospace manufacturing industry requires significant upfront capital, which could be a challenge for Relativity Space as it seeks to scale its operations. Given that it is a private company, it would require the company to fundraise in order to bolster their product suite or to expand its overall scope. 
  • Intense Competition from Market Leaders: The company has shifted its focus to the medium-to-heavy lift market with Terran R, which puts it in direct competition with dominant players. SpaceX's Falcon 9 has a near-monopoly on this market, with a proven track record of reusability and a massive flight cadence. Other established competitors like Blue Origin and United Launch Alliance (ULA) are also scaling up their own heavy-lift vehicles. This crowded and well-capitalized market poses a significant threat to Relativity Space's ability to win launch contracts and achieve a sustainable flight cadence.

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