Company intelligence

Relativity Space

As of September 5, 2026, Relativity Space was last valued at $4.2B (June 2021 Series E) and has raised at least $1.2B in equity across 2 sourced funding rounds.

Relativity Space is a Long Beach, California-based aerospace company building 3D-printed reusable rockets (Terran R) and now leading NASA's Aeolus Mars orbiter mission under CEO Eric Schmidt.

SpaceLong Beach, California, USAFounded 2015Founders: Tim Ellis, Jordan NooneWebsite ↗See connections →Compare with Anthropic
Last verified Sep 5, 2026

Relativity Space at a glance

As of
Latest valuation
$4.2B[1]
Series E · June 2021
Equity raised
$1.2B[2]
Across 2 sourced roundsDerived
Total funding (reported)
$1.34B[3]
September 2026
Lead investors
Fidelity Investments[4]
Series E · June 2021
Founded
2015[5]
Headquarters
Long Beach, California, USA[6]
  1. [1] Latest valuation: TechCrunch, June 8, 2021
  2. [2] Equity raised: Sum of the 2 sourced equity rounds in the funding history below (debt, tender offers and rumored rounds excluded), June 8, 2021
  3. [3] Total funding (reported): Tracxn, September 5, 2026
  4. [4] Lead investors: TechCrunch, June 8, 2021
  5. [5] Founded: Wikipedia (retrieved September 5, 2026)
  6. [6] Headquarters: Wikipedia (retrieved September 5, 2026)

What Relativity Space does

Relativity Space builds reusable rockets.[1] It was founded in 2015 by two former SpaceX and Blue Origin engineers around the idea of using 3D printing to build a cheaper rocket.[2] Its first rocket, Terran 1, launched in March 2023 and failed mid-flight, and the company moved on to a larger design, Terran R.[2] In June 2026 NASA partnered with Relativity on Aeolus, a Mars mission for which Relativity will build the spacecraft and provide its Terran R rocket, with a target launch in 2028.[3],[2] NASA did not disclose how much it is paying Relativity for the mission.[2] First-stage structural-qualification work for Terran R takes place in Long Beach, California, with testing at NASA's Stennis Space Center in Mississippi, Florida Today reported.[4]

Leadership

  • After the company ran low on money, former Google chief Eric Schmidt stepped in; he took a majority stake in 2025 and installed himself as chief executive.[3]

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Company Snapshot

Relativity Space is a space company, based in Long Beach, California, USA, founded 2015 by Tim Ellis, Jordan Noone.

Recent changes

  1. Sep 5, 2026First reported total funding: $1.34B Tracxn
  2. Jun 19, 2026NASA Picks Eric Schmidt's Relativity Space for a 2028 Mars Mission, Setting Up a Race With SpaceX Pulse story
  3. Jun 19, 2026NASA Picks Eric Schmidt's Relativity Space for a 2028 Mars Mission, Setting Up a Race With SpaceX Pulse story
  4. Jun 8, 2021Raised $650M Series E at a $4.2B valuation TechCrunch
  5. Jun 8, 2021New investor: Mark Cuban TechCrunch
Earlier changes (10)
  1. Jun 8, 2021New investor: Baillie Gifford TechCrunch
  2. Jun 8, 2021New investor: Coatue Management TechCrunch
  3. Jun 8, 2021New investor: Tribe Capital TechCrunch
  4. Jun 8, 2021New investor: BlackRock TechCrunch
  5. Jun 8, 2021New investor: K5 Global TechCrunch
  6. Jun 8, 2021New investor: Tiger Global Management TechCrunch
  7. Jun 8, 2021New investor: Fidelity Investments TechCrunch
  8. Jun 8, 2021Valuation rose from $2.3B to $4.2B TechCrunch
  9. Nov 1, 2020Raised $500M Series D at a $2.3B valuation Wikipedia
  10. Nov 1, 2020First reported valuation: $2.3B Wikipedia

Funding history

2 equity events · newest first · sources dated per row
DateRoundAmountValuationLead investorsSource
Jun 8, 2021Series E$650M$4.2Bpost-moneyTechCrunch
Nov 2020Series D$500M$2.3Bpost-money
—
Wikipedia

Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.

Funding timeline · 2 rounds · $1.1B tracked
$0.0M$364M$728M$500MSeries DNov 20$650MSeries EJun 21

How Relativity Space has been funded

In June 2021 Relativity raised a $650 million Series E led by Fidelity Management & Research Company, bringing its total raised to more than $1.2 billion at a reported $4.2 billion post-money valuation.[5]

Investors

Latest Pulse

  1. Hardware Is Getting Software's Round Sizes NowStoke Space's $1 billion round joins Castelion's $1.05 billion and Atoms' $1.7 billion as capital-intensive physical-hardware startups now command the round sizes and speed that used to be reserved for software.→
  2. Stoke Space Raises $1B to Out-Reuse SpaceXStoke Space closed a $1 billion Series E led by Point72 Ventures and Spark Capital, pushing total funding to $2.3 billion as it builds a rocket designed so both stages fly back and refly.→
  3. Blue Origin Raises Outside Capital for the First Time, at $130BBlue Origin is raising roughly $10 billion in its first-ever outside funding round, valuing Jeff Bezos's rocket company at $130 billion with Coatue Management as the anchor investor.→
  4. NASA Picks Eric Schmidt's Relativity Space for a 2028 Mars Mission, Setting Up a Race With SpaceXNASA selected Relativity Space -- the rocket company Eric Schmidt took over and now runs as CEO -- to build and fly the Aeolus orbiter to Mars in 2028, funded by an unnamed philanthropic backer. It's an audacious bet on an unproven launcher and, if it works, could make Relativity the first private mission to reach the Red Planet.→
  5. NASA Picks Eric Schmidt's Relativity Space for a 2028 Mars Mission, Setting Up a Race With SpaceXNASA has selected Relativity Space -- the rocket company now led by former Google CEO Eric Schmidt -- for Aeolus, a commercial science mission that will put a NASA-instrumented orbiter around Mars targeting a 2028 launch. The deal hands a company that has never reached orbit one of the most demanding interplanetary timelines in the program's history, and pits Schmidt's deep pockets against Elon Musk's Mars ambitions.→

Coverage Timeline

newest first
  1. Jun 19, 2026BIG TECHNASA Picks Eric Schmidt's Relativity Space for a 2028 Mars Mission, Setting Up a Race With SpaceX2028 Mars mission→

All Coverage

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Relativity Space FAQ

What is Relativity Space's valuation?

In June 2021 Relativity raised a $650 million Series E led by Fidelity Management & Research Company, bringing its total raised to more than $1.2 billion at a reported $4.2 billion post-money valuation.[5]

What does Relativity Space do?

Relativity Space builds reusable rockets.[1]

How much has Relativity Space raised?

Relativity Space has raised at least $1.2B in equity across 2 sourced funding rounds tracked by Value Add VC. The most recent was a $650M Series E in June 2021 at a $4.2B post-money valuation, reported by TechCrunch. Debt financing, tender offers and secondary sales are not counted. Tracxn puts total funding at $1.34B (September 2026).

Who invested in Relativity Space?

Lead investors in Relativity Space's sourced funding rounds include Fidelity Investments. Per round: its June 2021 Series E was led by Fidelity Investments.

When was Relativity Space founded and where is it based?

Relativity Space was founded in 2015 and is headquartered in Long Beach, California, USA, according to Wikipedia.

References

researched 2026-10-23
  1. Relativity Space
  2. TechCrunch
  3. The Next Web
  4. Yahoo Finance
  5. TechCrunch
Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

How we verify data ·