Vowing To Change ("Disrupt") Current Space Industry Assumptions, Long Beach Based Relativity Space Announces Plan To Build "Terran R" Fully Reusable Entirely 3D PRINTED Launch Vehicle 20 Times Larger Than Its Previous Rockets; Simultaneously Announces Boosts In Funding And Hiring
|(June 10, 2021, 11:25 a.m.) -- In a jaw dropping press release, Long Beach based Relativity Space ("the first company to 3D print an entire rocket") announced on June 8 plans to build "Terran R," a fully reusable entirely 3D printed launch vehicle 20 times larger than its previous rockets.
"Disrupting 60 years of aerospace, Relativity’s radically simplified supply chain enables the company to print its rockets with 100x fewer parts in less than 60 days," says its release. "With rapid software and hardware changes, the same Factory of the Future platform Relativity developed for Terran 1 is capable of scaling to produce Terran R. To date, Relativity has secured multiple contracts across nine customers for Terran 1 from both private and government entities, including a recently announced U.S. Department of Defense (DoD) contract, facilitated by the Defense Innovation Unit (DIU), a Venture Class Launch Services Demonstration 2 contract with NASA as well as an on-demand satellite launch contracts with Iridium and Telesat. Relativity has now completed printing over 85% of the first Terran 1 flight article, including its first and second stage, keeping momentum for its launch this year."
Relativity's HQ and factory are at 3500 E. Burnett (just east of Redondo Ave., south of Willow St.)
The firm simultaneously announced [release text] "a $650 million Series E equity funding round...led by Fidelity Management & Research Company LLC with participation from investors including Baillie Gifford, funds and accounts managed by BlackRock, Centricus, Coatue, K5 Global, Soroban Capital, Tiger Global, Tribe Capital, XN, Brad Buss, Mark Cuban, Jared Leto, and Spencer Rascoff’s 75 & Sunny, among others."
For a company video, see below
In its release, Relativity states:
[Scroll down for further.]
"From our founding days in Y Combinator just five years ago, we planned on 3D printing Terran 1 and then Terran R -- a 20X larger fully reusable rocket -- on our Factory of the Future platform," said Tim Ellis, CEO and co-founder of Relativity. "Today we are one step closer to this goal. Together with our first rocket Terran 1, our second product, Terran R, will continue to take advantage of Relativity's disruptive approach to 3D printing -- reduced part count, improved speed of innovation, flexibility, and reliability – to bring to market the next generation of launch vehicles. Relativity was founded with the mission to 3D print entire rockets and build humanity’s industrial base on Mars. We were inspired to make this vision a reality, and believe there needs to be dozens to hundreds of companies working to build humanity’s multiplanetary future on Mars. Scalable, autonomous 3D printing is inevitably required to thrive on Mars, and Terran R is the second product step in a long-term journey Relativity is planning ahead."”
In describing itself, Relativity says it is "building humanity’s multiplanetary future" having "invented a new approach to design, print, and fly our own rockets, starting with Terran 1 -- the world’s first entirely 3D-printed rocket" and now advancing to the larger Terran R.
"We believe in a future where interplanetary life fundamentally expands the possibilities for human experience. Our long-term vision is to upgrade humanity’s industrial base on Earth and on Mars," a company release says. .
blog comments powered by Disqus
Recommend LBREPORT.com to your Facebook friends:
Follow LBReport.com with:
Contact us: mail@LBReport.com