Relativity Space Announces $140 Million Series C Round of Financing
On October 1, 2019, Relativity Space, the company building the world's first autonomous rocket factory and launch services for satellites, today announced that it has closed a $140 million Series C funding round led by Bond and Tribe Capital. Wilson Sonsini Goodrich & Rosati is representing Relativity Space in the transaction and the firm has represented the Los Angeles-based company in intellectual property planning and strategy, patent prosecution, licensing, and IP litigation matters since its inception.
With this $140 million funding round, Relativity is fully funded to become the first company in the world to launch an entirely 3D printed rocket to orbit and enter commercial service in early 2021. The Series C round includes participation by new investors Lee Fixel, Michael Ovitz, Spencer Rascoff, Republic Labs, and Jared Leto, with participation from current investors Playground Global, Y Combinator, Social Capital, and Mark Cuban.
Relativity is the only aerospace company to reinvent both the rocket and the entire manufacturing value chain. Disrupting 60 years of aerospace, the company is developing the Stargate factory, the first and only aerospace factory to integrate machine learning, software, and robotics with metal 3D printing technology, enabling Relativity to build and launch rockets in days instead of years.
For more information, please see Relativity Space's news release announcing the new financing.