Monday, November 23, 2020

Relativity Space Confirms $500M Funding

Los Angeles-based 3D printed rocket developer Relativity Space has closed $500M in Series D funding, the company disclosed Monday morning, saying it will use the new funding to accelerate commercialization, production scaling, and its long term development. The company--which is developing technology to print an entire rocket with industrial, metal 3D printers--says the funding was led by Tiger Global Management with participation from new investors Fidelity Management & Research Company LLC, Baillie Gifford, ICONIQ Capital, General Catalyst, XN, Senator Investment Group, and Elad Gil. BOND, Tribe Capital, K5 Global, 3L, Playground Global, Mark Cuban, Spencer Rascoff, and Allen & Company LLC also participated in the funding. The funding--which was leaked earlier this month--reportedly values the company at $2.3 billion. More information »