Relativity Space has raised a $650 million Series E. They have raised over $1.2 billion. Relativity’s post-money valuation now stands at $4.2 billion.
They will make the heavy-lift, fully reusable two-stage rocket called the Terran R. Their first rocket is the Terran 1 and it is scheduled for a first orbital flight at the end of 2021.
The new rocket, Terran R, will be just a bit smaller than the SpaceX Falcon 9. Terran R is 216 feet tall while the Falcon 9 is 230 feet tall. Terran R will have a 20000 pound max payload while Falcon 9 has 22500 pounds of max payload.
Terran R will be 3D printed and built in 60 days.
Relativity Space wants to have the following advantages:
Reliability: 100x Fewer Parts
Speed: 10x Faster Production Time
Flexibility: No Fixed Tooling and a Simple Supply Chain
Optimization: Compounding Iteration Quality and Time Improvements
100X LESS PARTS
RADICALLY SIMPLIFIED MANUFACTURING
By fusing 3D printing, artificial intelligence, and autonomous robotics, Relativity is printing its rockets’ structure and engines, significantly reducing touch points and lead times, simplifying the supply chain, and increasing overall system reliability. Relativity can create its rockets, Terran 1 and Terran R, from raw material within 60 days.
FIRST FULLY REUSABLE, ENTIRELY 3D-PRINTED ROCKET
Created in Relativity’s Factory of the Future, Terran R is fully reusable including its engines, first stage, second stage, and payload fairing, and will be capable of launching over 20,000kg to low Earth orbit (LEO) in reusable configuration.
Terran R will launch from Cape Canaveral, starting in 2024.
INSPIRED BY NATURE
DESIGNED FOR THE FUTURE
Terran R has unique aerodynamic features with algorithmically generated and optimized structures. Relativity’s proprietary 3D printing process is enabled by software and data-driven manufacturing, exotic 3D printed materials, and unique design geometries that are not possible with traditional manufacturing, driving a faster rate of compounding progress and iteration in the industry.
MADE FOR NEXT-GEN SATELLITE LAUNCHES, AND MULTIPLANETARY TRANSPORT
Terran R provides both commercial and government customers affordable access to space, in LEO and beyond. Terran R helps accommodate the company’s growing pipeline of commercial interest and will also eventually offer customers a point-to-point space freighter capable of missions between the Earth, Moon and Mars.
3D METAL PRINTERS
ROCKETS BUILT AND FLOWN IN DAYS
Relativity’s proprietary Factory of the Future centers on Stargate, the world’s largest metal 3D printers, that create Terran 1, the world’s first 3D printed rocket, and the first fully reusable, entirely 3D printed rocket, Terran R, from raw material to flight in 60 days. Relativity’s Stargate printers’ patented technology enables an entirely new value chain and innovative structural designs that make Terran 1 and Terran R possible. By developing its Factory of the Future and rockets together, Relativity accelerates its ability to improve design, production, quality, and speed.
Zero fixed tooling and radical part count reduction
Faster design iterations and part optimizations
Real-time quality control and part inspection
Sensor and analytics-driven machine learning
SOURCES- Relativity Space
Written by Brian Wang, Nextbigfuture.com
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.