Relativity Space, a startup developing small launch vehicles using 3D-printing technologies, announced March 27 a $35 million funding round led by a venture fund making its first space investment.
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Start-up Relativity Space is kicking into high gear after its latest round of venture-capital funding brought in $35 million to help it manufacture the next generation of orbital rockets with one of the world's largest 3-D printers.
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Relativity today announced the close of its $35 million Series B financing, led by Playground Global with full participation from existing Series A investors Social Capital, Y Combinator Continuity and Mark Cuban.
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Relativity, a rocket startup with roots at Blue Origin and SpaceX, says it has been awarded an exclusive 20-year lease to use a 25-acre engine test complex at NASA’s Stennis Space Center in Mississippi.
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Even in an era during which the aerospace industry faces significant disruption from myriad new competitors, Relativity Space stands out.
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Many of us have dreamed of building a rocketship in our backyard, but we never dreamed a giant 3D printer could make that possible. Relativity Space wants to cut the going rate for a rocket launch from about $100 million to around $10 million, Bloomberg reports, all thanks to 3D printing.
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Relativity Space says its gear will be more durable and slash per-launch costs.
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