StoryFunding
Relativity unveils Terran R, a reusable rocket, alongside a $650M funding round
Relativity raised $650 million in Series E led by Fidelity at a $4.2 billion valuation and unveiled Terran R, a fully reusable 3D-printed rocket 216 feet tall with seven Aeon R engines. The company targeted first launch from Cape Canaveral in 2024 with payloads exceeding 20,000 kg to low-Earth orbit in reusable configuration.
- Series E: $650 million led by Fidelity; $4.2 billion valuation; investors include Baillie Gifford, BlackRock, Coatue, Tiger Global, and others.
- Terran R: 216 feet tall, fully reusable, seven 3D-printed Aeon R engines, 20,000+ kg LEO capacity in reusable mode, Falcon 9-class launcher.
- Launch site: Cape Canaveral Launch Complex 16; target first commercial launch 2024; represents full transition from Terran 1 to reusable architecture.