Relativity Space raises $500 million
Relativity Space raises $500 million Relativity Space says the $500 million Series D round will allow the company to accelerate its long-term plans beyond the development of its Terran 1 rocket. Credit: Relativity WASHINGTON — Small launch vehicle startup Relativity Space has raised a $500 million funding round that the company says will enable it to accelerate its long-term vision of reshaping aerospace manufacturing. Relativity announced Nov. 23 that it raised the $500 million Series D round, led by hedge fund Tiger Global Management. Several new investors joined the round, including Fidelity, Baillie Gifford, ICONIQ Capital, General Catalyst, XN, Senator Investment Group, and Elad Gil. The company’s existing investors also participated in the round, which valued the company at more than $2 billion. The funding round is among the largest for a space company, rivaled only by investments in OneWeb and SpaceX. Tim Ellis, co-founder and chief executive of Relativity, said in an int...