Relativity Space IPO

Relativity Space was founded in 2015 by Jordan Noone and Tim Ellis. In 2020, CEO Ellis told CNBC that going public was "certainly a possibility," but added that staying private "was the preferred direction by a longshot. It lets us put our heads down and execute and not have to worry about some of the overhead of being a public company today." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Relativity Space is a private spaceflight company with a sophisticated 3D printing and metallurgy division. The company's proprietary printing technology allows it to develop, build, and modify its fully 3D printed rockets within remarkably short timeframes. As of April 2022, the company has not yet launched a rocket, but reports say that this will happen soon, and that the development of more advanced, higher payload rockets is well under way. Relativity Space has raised more than $1.2 billion in venture capital funding from investors including Fidelity Management & Research Company, Coatue Management, Soroban Capital, Tiger Global Management, Mark Cuban, Jared Leto, and Tribe Capital. A June 2021 equity round raised $650 million in new capital, pushing the company to a $4.2 billion post-money valuation.