Dark
Light
Today: May 3, 2024
January 10, 2024
1 min read

Cashing in on the Future: Relativity Space’s 3D Rocket Revolution




Relativity Space Closes in On New Funding for Its 3D Printed Rockets

TLDR:

Relativity Space is in talks to raise funding that would value the company at $4.2 billion. Existing investors Bond and Social Capital are among the firms leading the round.

Key Points:

  • Relativity Space is in discussions to raise funding in a round that values the company at around $4.2 billion, the same valuation as its last funding round in 2021.
  • Bond and Social Capital, existing investors, are leading the round.
  • The exact amount being raised in the round has not been disclosed.
  • Part of the round has already closed, but the company is still fundraising.

Article Summary:

Relativity Space, the company that successfully launched a 3D printed rocket into space last year, is in talks to raise new funding. The round would value the company at around $4.2 billion, the same valuation as its previous funding round in 2021. The funding round is being led by existing investors Bond and Social Capital, although the exact amount being raised has not been disclosed. Part of the round has already closed, but the company is still actively fundraising.

Relativity Space has gained attention for its innovative approach to rocket manufacturing, utilizing large-scale 3D printing to produce its rockets. This method allows for faster production and lower costs compared to traditional manufacturing methods. The company’s successful launch last year was a significant milestone for the emerging field of 3D printed rockets.

With this new funding, Relativity Space will likely continue to develop and scale its manufacturing capabilities. The company plans to use the funding to expand its facilities and increase production capacity. As the demand for commercial space launches continues to grow, Relativity Space aims to position itself as a key player in the industry.

Investors have shown confidence in Relativity Space’s potential, with the company’s valuation remaining steady between funding rounds. Bond and Social Capital, both existing investors, have chosen to lead this new funding round, indicating their belief in the company’s long-term prospects.

Overall, Relativity Space’s ongoing fundraising efforts and valuation at $4.2 billion highlight the growing interest and investment in the 3D printed rocket industry. The company’s innovative approach to manufacturing, coupled with its successful launch last year, positions it as a key player in the evolving space industry.


Previous Story

Creating a Powerful Alliance: SVB Financial Group and Creditors Join Forces

Next Story

Unleashing $75M in Power: Meet Exponent Founders Capital’s Fund II

Latest from Blog

Go toTop