Terran 1's only orbital launch failed to reach orbit; the company subsequently retired/shelved Terran 1 and pivoted its resources to Terran R.
SourceBuilding humanity’s multiplanetary future.
Public company, workplace, funding, and market signals
Updated Aug 2, 2026
Relativity Space is a privately held aerospace company developing reusable launch vehicles and space systems to make access to orbit and beyond more reliable, scalable, and accessible. It was founded by former SpaceX and Blue Origin engineers and now focuses primarily on Terran R.
Primary product
Terran R: a two-stage, methane-fueled medium-to-heavy-lift launch vehicle with a reusable first stage, intended for commercial, scientific, and national-security missions. It is designed to carry up to 23,500 kg to LEO with downrange landing, 5,500 kg to GTO with downrange landing, or 33,500 kg to LEO expendably.
Founded
2016
Headquarters
Long Beach, California, United States
Team size
Approximately 1,000–2,000; company-reported 2,000 in 2026
Work style
Onsite
Industry
Aviation and aerospace component manufacturing
362 jobs at Relativity Space
Sub-industry
Commercial space launch, reusable rockets, aerospace additive manufacturing, and interplanetary systems
Offices
Business model
Stage
Late-stage private / strategic recapitalization
Latest round
Strategic growth/recapitalization led by Eric Schmidt · Mar 2025
Strategic angel / recapitalization
Jan 2025 · Eric Schmidt
Nov 2023
Jun 2021 · Fidelity Management & Research Company
Nov 2020 · Tiger Global Management
Oct 2019 · Bond and Tribe Capital
Mar 2018 · Playground Global
Jul 2016 · Social Capital
May 2016 · Canyon Creek Capital
Leadership
Executive Chairman and Chief Executive Officer
Maria Seferian
President and Executive Vice Chair
Chief Technology Officer
Robin Petitprez
Senior Vice President, Manufacturing and Supply Chain
Umer Khan
Chief Information Officer and Senior Vice President of Software
Josh Brost
Chief Revenue Officer
Brian Sweeney
Chief People Officer
Sarah Banco
Executive Counsel and Head of Strategic Affairs
Vice President, Test and Launch Operations
Distinguished Engineer
President, Horizon Manufacturing Technologies
Investors
The company describes an office-first environment centered on in-person collaboration, rapid iteration, first-principles thinking, engineering excellence, and scaling production. Its stated values include Wonder, Humanity, Relentlessness, and Audacity.
Work style
Onsite
Visa sponsorship
Limited
Compensation
Official benefits material describes competitive salary, equity, 401(k), pay transparency, and broad health/family benefits. Public job listings provide role-specific salary ranges and commonly indicate U.S.-person or export-control restrictions for some aerospace roles; sponsorship therefore appears role- and authorization-dependent rather than universal.
Benefits
Pricing
No public standard price card found. The company sells bespoke launch capacity through multi-year, multi-launch launch-services agreements and government task orders; contract prices are generally undisclosed.
Differentiators
Technology
Customers
Competitors
Estimated revenue
Approximately $100M–$150M annually, third-party estimate; not publicly disclosed or audited
Terran 1's only orbital launch failed to reach orbit; the company subsequently retired/shelved Terran 1 and pivoted its resources to Terran R.
SourceBloomberg reported that the company was running low on cash and exploring financing or strategic options; the report was based on people familiar with the matter and was not a public audited disclosure.
SourceArs Technica reported steep third-party markdowns in Fidelity's estimated value of Relativity holdings, highlighting financing and execution risk; private-company valuation methodology was opaque.
SourceEric Schmidt became CEO and provided substantial financial backing/majority control, while founder Tim Ellis moved to co-founder and board-member status.
SourceTerran R remained preflight and still faced integration, testing, regulatory, schedule, and launch-execution risk despite substantial qualification and infrastructure progress.
SourceSpaceNews · Jul 2026
Relativity agreed with Space Florida on new manufacturing and test infrastructure near Cape Canaveral, with up to $134M in state financing and an expected major future jobs expansion.
Relativity Space · Jul 2026
The company reported first-stage qualification testing, second-stage transport to Stennis, completion of flight-one Aeon R engine acceptance testing, and continued LC-16 construction.
TechCrunch · Jun 2026
NASA selected Relativity for the Aeolus Mars mission, planned for 2028; Relativity is to provide the spacecraft, launch vehicle, and operations while NASA supplies scientific instruments.
SpaceNews · Jun 2026
Relativity announced its Interplanetary Sciences Program and a 2028 Mars science and telecommunications orbiter, alongside continued Terran R development.
Relativity Space / SES · Nov 2025
SES expanded its multi-year, multi-launch Terran R agreement, adding previously undisclosed launches and reinforcing Relativity's commercial backlog.