3D-printed rocket manufacturer building the medium-lift reusable Terran R
Defense & Space📍 Long Beach, CAFounded 2015
Current Valuation
$4.2B
as of 2025-Q1
UNICORN
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.
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 5mo 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
—
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.