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The competition heats up: Two former employees of SpaceX and Blue Origin have teamed up to start their own rocket company, aimed at using 3D printing technology to build rockets “with zero human labor.”
The funding rounds are described in two documents filed in May and this month with the Securities and Exchange Commission. The first filing reports that $1.1 million in equity was sold to investors. The second filing serves as a new notice of $8.4 million in equity sold, out of a $9.6 million offering.
The filings indicate that Relativity Space is based in Seattle, but in response to an email inquiry, the company declined to say anything further about its location, its business plan or its investors. “We are entirely in stealth mode and will comment more when we are ready,” the company said.
New companies come and go, but the fact that the guys in charge of this come from these two companies, and have already raised significant investment capital, suggests attention should be paid.