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Relativity Space

BActiveFounded 2015🇺🇸Long Beach, California
CEO

Eric Schmidt

Data verified as of Jul 17, 2026

Summary

Relativity Space, led by CEO Eric Schmidt, is building Terran R, a reusable medium-to-heavy-lift rocket aimed at commercial, government, national-security, and telecommunications missions. After flying Terran 1 as a 3D-printing pathfinder in 2023, the company shifted fully to Terran R, pairing large-scale additive manufacturing with conventional structures for scale and cost. As of mid-July 2026 Relativity is in integrated vehicle build — the first flight-ready second stage has arrived at NASA's Stennis Space Center for testing, all Flight 1 Aeon R first-stage engines have passed acceptance testing, the first-stage qualification article has entered factory structural testing, and the LC-16 Horizontal Integration Facility at Cape Canaveral is structurally complete — against a backlog of roughly $3 billion across 12+ customers including OneWeb Gen-2 and SES. In June 2026 NASA selected Relativity to privately develop a Mars orbiter (carrying NASA's Aeolus instruments, targeting a 2028 launch), and on July 7, 2026 the U.S. Space Force added Relativity Federal to the NSSL Phase 3 Lane 1 national-security launch pool. Terran R's first launch is targeted for the second half of 2026, though some industry observers expect a slip into 2027.

Main Products

Terran 1

Terran 1

Retired

Relativity's pathfinder vehicle, a two-stage small-lift rocket used to validate the company's propulsion, software, and additive-manufacturing approach before the program was retired.

Launched in March 2023 as a pathfinder vehicle and retired after its maiden flight so the company could focus engineering and production resources on Terran R.

Payload to LEO1,250 kg
Height33.5 m (110 ft)
Diameter2.28 m (7.5 ft)
3D-Printed Parts85% by mass
Engines (1st stage)9 × Aeon 1
Launch Attempts1 (March 22, 2023)
Terran R

Terran R

In Development

A two-stage reusable medium-to-heavy-lift rocket designed for constellation deployment, large satellite missions, and higher-cadence commercial and government launch operations.

In integrated vehicle build as of mid-2026: the first flight-ready second stage completed subsystem integration and is headed to NASA Stennis for testing, the first-stage qualification article is structurally complete and entering test, Aeon R qualification engines are running full-duration static fires at Stennis, and the LC-16 Horizontal Integration Facility is structurally complete. First launch is targeted for the second half of 2026 (some observers expect a slip into 2027).

Payload to LEO23,500 kg (downrange landing)
Height86.6 m (284 ft)
Diameter & Payload Fairing5.4 m (17.7 ft)
Total Liftoff Thrust3,497,000 lbf
Engines13 × Aeon R (LOx/methane, ~258,000 lbf SL each) + 1 × Aeon V vacuum
Target First LaunchLate 2026

What's Next

Terran R first launch

Complete integrated vehicle testing and launch Terran R from LC-16 at Cape Canaveral, proving the vehicle in the medium-to-heavy market and beginning execution against a ~$3B launch backlog. Company target remains the second half of 2026, though some industry observers expect the debut to slip into 2027.

Second half of 2026

Complete Aeon V and vehicle test campaigns

Finish Aeon V development and qualification, complete Aeon R qualification, and test the stages — the second stage has arrived at NASA Stennis for testing, all Flight 1 Aeon R first-stage engines have passed acceptance testing, and the first-stage qualification article has entered factory structural-load testing.

2026

Bring LC-16 fully online for Terran R

Finish outfitting the Horizontal Integration Facility (now structurally complete with a 99.8-tonne cleanroom bridge crane installed), launch mount, transporter-erector, water systems, and the propellant tank farm (LOX tanks already installed) so Cape Canaveral operations are ready for first flight.

2026

Recent News

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Operations & Revenue

StatusDevelopment Stage

Relativity is in integrated vehicle build. As of mid-July 2026 the first flight-ready Terran R second stage has arrived at NASA Stennis for testing and all of the Flight 1 Aeon R first-stage engines have completed acceptance testing. The first-stage qualification article is structurally complete and has transitioned from manufacturing into factory (structural load) testing, the LC-16 Horizontal Integration Facility is structurally complete with a 99.8-tonne bridge crane installed, and at the pad the water-farm tanks are installed and the liquid-oxygen farm is activated. These milestones drive toward a first Terran R launch targeted for the second half of 2026 (some industry observers expect a slip into 2027).

Revenue Streams

Terran R Launch Services

Future launch services for commercial, government, national-security, and telecommunications customers flying on Terran R from Cape Canaveral, underpinned by a ~$3B backlog across 12+ customers (incl. OneWeb Gen-2 and SES). A July 7, 2026 addition to the U.S. Space Force's NSSL Phase 3 Lane 1 pool lets Relativity compete for national-security launch task orders, and a June 2026 NASA award tasks Relativity with privately developing (and launching) a Mars science orbiter.

Horizon Manufacturing Technologies

Stand-alone advanced manufacturing business commercializing Relativity's large-scale additive manufacturing stack for energy, aerospace, and defense hardware.

Key Metrics

Employees

2,000

Est. Annual Revenue

Pre-revenue (~$3B contracted launch backlog)

Pre-sold Launch Contracts

~$3B across 12+ customers (incl. OneWeb Gen-2, SES)

Terran R Payload to LEO

23,500 kg

Terran R Liftoff Thrust

3,497,000 lbf

Timeline

2026Flight hardware and LC-16 buildout advance

By January 2026, Relativity is integrating first- and second-stage hardware, continuing Aeon engine test campaigns, and advancing major launch equipment at LC-16 ahead of first flight.

2026Terran R second stage heads to Stennis; HIF completed

In June 2026 Relativity reports its first flight-ready Terran R second stage has finished subsystem integration (fluid systems, brackets, harnesses, valves, raceways) and is being readied for transfer to NASA's Stennis Space Center for testing. The first-stage qualification article is structurally complete and entering test while the flight article advances through tank and thrust-structure integration. The Horizontal Integration Facility at LC-16 is now structurally complete with a 99.8-tonne cleanroom bridge crane installed, and Relativity produced 1,455 flight parts in May alone, with backlog at roughly $3B.

2026NASA picks Relativity to privately develop a Mars orbiter

On June 17, 2026 NASA Administrator Jared Isaacman announces a public-private partnership in which Relativity will privately develop a Mars orbiter mission: NASA supplies the Aeolus atmospheric-science instrument suite (four instruments built and integrated at NASA Ames), while Relativity provides the spacecraft, its Terran R rocket, and cruise operations, targeting a 2028 launch. The award gives Relativity a high-profile commercial-science role ahead of Terran R's debut.

2026Space Force adds Relativity to NSSL Phase 3 Lane 1 pool

On July 7, 2026 the U.S. Space Force added Relativity Federal — alongside orbital-transfer-vehicle developer Impulse Space — to the National Security Space Launch (NSSL) Phase 3 Lane 1 on-ramp, making Relativity eligible to compete for task orders covering lower-priority, higher-risk-tolerant national-security launches, with Space Systems Command obligating $10 million at award. The addition brings the Lane 1 pool to seven vendors (joining SpaceX, ULA, Blue Origin, Rocket Lab and Stoke Space) and gives Relativity a national-security launch path as Terran R nears its debut.

2026Terran R second stage reaches Stennis; Flight 1 Aeon R engines pass acceptance

In a mid-July 2026 program update, Relativity reported that its first flight-ready Terran R second stage arrived safely at NASA's Stennis Space Center for testing and that all vehicle structures and closeouts were completed on the first-stage qualification article, transitioning it from manufacturing into factory (structural load) testing. Acceptance testing was completed for all of the Flight 1 Aeon R first-stage engines, while at Launch Complex 16 the water-farm tanks were installed and the liquid-oxygen farm activated as the pad approaches its final configuration — keeping Relativity on track for a Terran R maiden flight targeted by the end of 2026.

2025Vehicle-level CDR completed

Relativity completes Terran R's vehicle-level critical design review and begins building first-flight hardware across stages, engines, avionics, and software.

2025SES expands Terran R launch agreement

SES expands its multi-launch agreement with Relativity, adding to a Terran R backlog that now spans more than a dozen customers and exceeds $2.9 billion.

2023Terran 1 reaches space

Terran 1 becomes the first 3D-printed rocket to reach space and serves as the company's pathfinder vehicle before retirement.

2023Terran R architecture updated

Relativity reshapes Terran R around the medium-to-heavy launch market, prioritizing a reusable architecture sized for constellation, commercial, and government missions.

2019Series C funding ($140M)

Relativity closes a $140M Series C round led by Bond and Tribe Capital as it scales Terran 1 development and expands launch infrastructure.

2015Founded

Tim Ellis and Jordan Noone found Relativity Space with the vision of 3D-printing entire rockets.

Funding

Cumulative disclosed raise · dated rounds

$500M$1B$1.5B20202021$1.3B raised
RoundDateAmountInvestorsSource
Series C2019$140MBond, Tribe Capital, Playground Global, Y Combinator, Social Capital
Series D2020$500MTiger Global, Fidelity, Baillie Gifford, ICONIQ Capital, General Catalyst
Series E2021$650MFidelity, BlackRock, Coatue, Baillie Gifford, Tiger Global