Relativity signs deal to expand rocket facility
Capitalism in space: The rocket company Relativity Space announced yesterday that it has signed an agreement for a major expansion of its rocket manufacturing facility in California.
The firm — fresh off a $650 million Series A fundraising round announced earlier this month — said Wednesday (June 30) it has signed for a 1-million-square-foot (93,000 square meters) headquarters factory at the Goodman Commerce Center, in its current hometown of Long Beach, California.
The 93-acre plant used to host Boeing’s C-17 military transport aircraft manufacturing, with the last C-17 produced there in 2015. Now, Relativity’s factory will make it the anchor tenant for a planned 437-acre business district west of the Long Beach Airport, the company said. It also plans to hold on to its existing factory space to continue producing its Terran 1 rocket.
Relativity will occupy the new space in January 2022, which will eventually host dozens of the company’s proprietary Stargate printers that can produce Terran 1 and its newly announced reusable version of the rocket, called Terran R. Relativity said the facility will include a fusion of 3D printing, artificial intelligence and autonomous robotics to create a new rocket in less than 60 days.
Relativity has not yet launched any rockets nor has it conducted any test flights. Its first test flight of Terran-1 is presently scheduled for later this year, though no date is set. The company is one of five American new rocket startups that say they will do their first launch before the end of 2021.
Capitalism in space: The rocket company Relativity Space announced yesterday that it has signed an agreement for a major expansion of its rocket manufacturing facility in California.
The firm — fresh off a $650 million Series A fundraising round announced earlier this month — said Wednesday (June 30) it has signed for a 1-million-square-foot (93,000 square meters) headquarters factory at the Goodman Commerce Center, in its current hometown of Long Beach, California.
The 93-acre plant used to host Boeing’s C-17 military transport aircraft manufacturing, with the last C-17 produced there in 2015. Now, Relativity’s factory will make it the anchor tenant for a planned 437-acre business district west of the Long Beach Airport, the company said. It also plans to hold on to its existing factory space to continue producing its Terran 1 rocket.
Relativity will occupy the new space in January 2022, which will eventually host dozens of the company’s proprietary Stargate printers that can produce Terran 1 and its newly announced reusable version of the rocket, called Terran R. Relativity said the facility will include a fusion of 3D printing, artificial intelligence and autonomous robotics to create a new rocket in less than 60 days.
Relativity has not yet launched any rockets nor has it conducted any test flights. Its first test flight of Terran-1 is presently scheduled for later this year, though no date is set. The company is one of five American new rocket startups that say they will do their first launch before the end of 2021.