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Relativity Space looks to challenge SpaceX, Blue Origin with first 3D-printed rockets

Relativity Space has raised $650 million in Series E equity funding as the aerospace company looks to take on Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin with the first 3D-printed rockets. 

Fidelity Management & Research Company led the funding round, with participation from investors including Dallas Mavericks owner Mark Cuban, actor Jared Leto, co-founder and former Zillow Group CEO Spencer Rascoff, BlackRock, Centricus, Coatue, and Soroban Capital. 

The fresh capital brings the company’s estimated valuation to about $4.2 billion, the second most valuable private equity space company behind SpaceX, with total funding of $1.3 billion to date.

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The funding will go towards scaling of the company’s Terran R program and long-term infrastructure development. Terran R will be developed by the same 3D printers and team of Terran 1, which is now 85% complete and will launch later this year from…

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