3D-printed rocket manufacturer building the medium-lift reusable Terran R
Relativity is building Terran R, a fully reusable medium-lift rocket with 23.5 tons to LEO. Eric Schmidt acquired control of the company in March 2025 as CEO, taking over from founder Tim Ellis. Pivoting from the smaller Terran 1 (retired after one launch) to compete with SpaceX's Falcon 9 in the medium-lift market.
Defense & Space📍 Long Beach, CAFounded 2015
Current Valuation
$4.2B
as of 2025-Q1
UNICORN
QL Price
$2.8B
-34% vs last round
QuantLogix's current estimate for Relativity Space, published 2026-10-07 — below the last disclosed round of $4.2B (2025-Q1).
Confidence
medium
Basis
secondary led
What backs this price
Last disclosed round
$4.2B
2025-Q1
weight 0.35
Secondary market print
$1.9B
2026-06-27
weight 0.54
How this price has held up
No round has priced for Relativity Space since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-10-07 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Relativity Space, 2026-10-07 (b66fac38f2e0afbc).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is Relativity Space going public?
No. Relativity Space has no imminent IPO plans on record. It is still private.
What is Relativity Space's valuation in 2026?
Relativity Space is valued at $4.2B as of 2025-Q1, set by its Series F ($1.7B, Mar 2025). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Relativity Space filed an S-1?
No public S-1 is on file for Relativity Space.
Who are Relativity Space's investors?
Relativity Space's investors include Eric Schmidt, Tiger Global, Fidelity, BlackRock, K5 Global, Coatue.
How much has Relativity Space raised?
Relativity Space has raised $3.5B in total, most recently a Series F of $1.7B in Mar 2025.
Is Relativity Space publicly traded — can you buy Relativity Space stock?
No. Relativity Space is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Relativity Space on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Eric Schmidt
Founded
2015
HQ
Long Beach, CA
Employees
~1000
Total Raised
$3.5B
Last Round
Series F — $1.7B (Mar 2025) · Lead: Eric Schmidt
IPO Status
no imminent plans
Fundraising Status
Series F · $1.7B · 1y 7mo ago
no imminent plansTotal raised $3.5B
Secondary Market
Implied price / share
$10.05
Last round price / share
$22.67
vs last round
-55.7%
Open interest
6
Last round price vs secondary price
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series F
$1.7B
Mar 2025
Eric Schmidt
—
Vertical Intelligence — Defense / Aerospace
Federal awards
4
prime contracts, last 36 months
Obligated
$8.99M
top: Department of Defense
Largest award
$8.77M
Department of Defense
Latest award
2026-08-18
Largest award: REAL TIME FLAW DETECTION IN LARGE FORMAT ADDITIVE MANUFACTURING (FA239424CB012)
Name-verified against recipient "RELATIVITY SPACE, INC." on USASpending.gov as of 2026-10-04. Prime awards only — subcontracts and classified work are not visible in the public registry. Verify on USASpending.gov ↗
Talent Signal
Hiring trend
▶ Hiring steady
0% vs 2026-08
Open roles
3
via careers page
Product-build share
100%
engineering, research, product, design
Trajectory
steady
heavy product build — 100% of open roles are product-building functions (engineering/research/product) — 2 of 3 open roles are hardware.
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Dark Matter LabMeet the Propulsion Materials & Processes Team📍Propulsion Team, Stennis, MS
Counted from Relativity Space's live job board as of 2026-09-15; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Founders & Key People
Tim EllisJordan Noone
Investors
Eric Schmidt · Tiger Global · Fidelity · BlackRock · K5 Global · Coatue
Products
Terran R (medium-lift reusable)
Stargate (4th-gen metal 3D printer)
Competitors
SpaceX · Rocket Lab · Blue Origin · Stoke Space
SpaceLaunch3D PrintingSchmidt Backed
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q1. Refreshed quarterly.