Enlarge / A rendering of the Terran R rocket in flight. (credit: Relativity Space)
Relativity Space announced Tuesday morning that it has raised an additional $650 million in private capital and that this money will fuel an ambitious agenda of 3D printing large, reusable rockets.
The new funding will accelerate development of the “Terran-R” launch vehicle, Relativity Chief Executive Tim Ellis said in an interview. This large orbital rocket will be about the same size as SpaceX’s Falcon 9 rocket. However, Ellis said, the entire vehicle will be reusable—the first and second stages, as well as the payload fairing