Relativity Space
3D-printed rocket manufacturer building the medium-lift reusable Terran R
Defense & Space
📍 Long Beach, CA
Founded 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
Last Round
Series F — $1.7B (Mar 2025) · Lead: Eric Schmidt
IPO Status
no imminent plans
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.