Tag: Relativity

Update on Relativity’s operations and first launch attempt

9:31 am

Link here. The article provides a nice overview of the company, its rocket, and the status of both. Key quote:

Terran 1, much like SpaceX’s Falcon family, is designed around affordability. The company says a dedicated mission on Terran 1 should cost around $12 million and is capable of taking 2,750 pounds of payload to low-Earth orbit. That number drops to about 2,000 pounds when going to sun-synchronous orbit.

Though the 110-foot Terran 1 won’t be reusable and will be expended into the Atlantic Ocean, it should inform the company’s future development of the much larger, 216-foot Terran R rocket. That vehicle will be reusable and is expected to directly compete with SpaceX’s Falcon 9 rocket.

Terran 1’s demonstration mission, appropriately labeled “Good Luck, Have Fun,” is slated to carry no customer payload. The company appears to be on track for its goal of flying before the year is out.

Terran-1 will thus be limited to the smallsat market that is presently held by Rocket Lab, Virgin Orbit, and Astra. It is bigger, however, and if successful will be able to put more or larger smallsats into orbit, and do so at a cheaper price.

0 comments

Space Force adds three more rocket startups to its rapid launch program

9:35 am

Capitalism in space: The Space Force announced today that it has added the three smallsat rocket companies ABL, Astra, and Relativity to its program, dubbed OSP-4, to develop rockets that can be launched quickly at a moment’s notice.

OSP-4 is an indefinite delivery/indefinite quantity (IDIQ) contract for rapid acquisition of launch services. Vendors compete for individual orders, and have to be able to launch payloads larger than 400 pounds to any orbit within 12 to 24 months from contract award.

The OSP-4 contract vehicle was created in October 2019 and eight companies were selected then: Aevum, Firefly, Northrop Grumman, Rocket Lab, SpaceX., United Launch Alliance, VOX Space [Virgin Orbit], and X-Bow Launch.

There are now 11 vendors in the program that will compete for 20 missions over the next nine years. OSP-4 is authorized up to $986 million for launch contracts over that period.

Of these eleven companies, five have operational rockets (Northrop Grumman, Rocket Lab, SpaceX, Virgin Orbit, and ULA) and five have announced plans to do their first orbital launch this year (Aevum, ABL, Astra, Relativity, and Firefly), with Astra’s first orbital flight scheduled for later this month. The schedule of the remaining X-Bow remains unknown.

9 comments

Relativity raises $650 million in investment capital to build bigger rocket

10:15 am

Capitalism in space: The rocket startup Relativity today announced that it has raised $650 million in investment capital for building a much larger version of its Terran rocket, one designed not only to be completely reusable, but to be able to launch more payload than SpaceX’s Falcon 9.

The company says the funding, which comes barely half a year after it raised a $500 million Series D round, will allow the company to accelerate development of the Terran R, a much larger rocket than the Terran 1 it is currently building and one that is intended to be fully reusable. Relativity is targeting a first launch of Terran R in 2024.

In an interview, Tim Ellis, chief executive of Relativity, said the plans for Terran R date back to the company’s founding in the Y Combinator business accelerator. “It’s actually been in the plans since five years ago, when I founded the company. We just haven’t talked about it yet,” he said. “But even in Y Combinator, we were talking about building a fully reusable rocket that was larger than Falcon 9.”

…Another key element of Terran R is Relativity’s intent to make the vehicle fully reusable, including its upper stage and payload fairing. “There won’t be a part that’s not reusable on the vehicle,” Ellis said, crediting that to the company’s significant investment in 3D-printing technologies.

It is not clear exactly how they will get this new rocket’s upper stage to return to Earth unscathed. SpaceX considered trying it with the Falcon 9 upper stage and decided it was not worth the cost. If Relativity succeeds however they will have a rocket that can beat SpaceX in price.

And about time. Right now none of the commercial rocket companies aiming to compete directly with SpaceX — ULA, Arianespace, Blue Origin — seem willing to really compete. They are either not working to build reusable rockets or have been doing so at a pace that is much too slow. Instead, they all seem to think that they can rely on big government contracts to stay afloat.

Not only is having no competition unhealthy in the long run for SpaceX, it is very bad for the customers who are looking for transportation into orbit. For a new company like Relativity to come forward with new ideas, new technology, and (most important) lots of cash to directly challenge SpaceX is a welcome development. Now they need to deliver.

5 comments

Relativity touts next generation rocket before its first generation rocket has even launched

8:55 am

Capitalism in space: In an interview with CNBC the CEO of Relativity Space, Tim Ellis, pushed his company’s plans to develop a completely reusable rocket, dubbed the Terran-R, even though they have as yet completed even one test launch of their first rocket, the Terran-1.

Called Terran R, the reusable rocket is “really an obvious evolution” from the company’s Terran 1 rocket, Relativity CEO Tim Ellis told CNBC – the latter of which Relativity expects to launch for the first time later in 2021. “It’s the same architecture, the same propellant, the same factory, the same 3D printers, the same avionics and the same team,” Ellis said. “I’ve always been a huge fan of reusability. No matter how you look at it – even with 3D printing, and dropping the cost, and [increasing the] automation of a launch vehicle – making it reusable has got to be part of that future,” Ellis added.

Terran R is the first of several new initiatives that Ellis expects Relativity to unveil in the year ahead, with the company having raised more than $680 million since its founding five years ago. Just like Terran 1, Relativity will build Terran R with more than 90% of the parts through additive manufacturing – utilizing the world’s largest 3D printers as what Ellis calls “the factory of the future.”

Relativity, valued at $2.3 billion, ranks as one of the most valuable private space companies in the world. Its investors include Tiger Global Management, Fidelity, Baillie Gifford, Mark Cuban and more.

All well and good, but maybe before Ellis brags about his next generation rocket he might be better served to focus on getting that first rocket successfully off the ground later this year. It is a good thing his company is thinking of making its rockets reusable, but right now he is overselling while under-performing, a very bad sales technique. Better to do what Scotty of Star Trek did routinely, undersell while over-performing.
» Read more

3 comments

Relativity raising $500 million in new search for investment capital

11:38 am

Capitalism in space: The new rocket company Relativity Space is in the process of raising another $500 million in new investment capital.

The new fundraise, expected to close in the coming days, would jump Relativity’s valuation to $2.3 billion, those people said. In addition to Tiger Global, Fidelity is also joining the round as a new Relativity investor. Existing investors in Relativity are also expected to be contributing — those include Social Capital, Playground Global, Y Combinator, Bond Capital, Tribe Capital, Jared Leto and Mark Cuban.

Tiger Global, the investment firm founded by Chase Coleman, has more than $43 billion in assets under management.

This new funding will supplement the almost $200 million Relativity raised previously.

The company has successfully completed engine tests, and plans its first orbital test launch of its Terran-1 rocket next year.

0 comments

Relativity raises $140 million in third funding round

9:11 am

Capitalism in space: The new smallsat rocket company Relativity announced yesterday that it has raised $140 million in its third funding round, providing it enough funding to complete and launch its Terran 1 rocket.

The new round brings the total raised by the Los Angeles-based company to $185 million. The new funding, Relativity executives said, will be sufficient to complete development of its Terran 1 rocket and begin commercial operations in 2021. It will support expansion of its headquarters and establishment of a factory for rocket production at the Stennis Space Center in Mississippi, where it currently tests its engines.

“That round will carry us past first flight of Terran 1,” said Jordan Noone, co-founder and chief technology officer of Relativity, in an interview. “This round is all the capital required to get to first flight, build out more of the Mississippi test site, Launch Complex 16 in Florida and expand our L.A. headquarters and manufacturing.”

That first launch, once scheduled for late 2020, is now planned for February 2021. “That original prediction for when first flight would be was made about four years ago, so moving it two months to the right here is not bad,” he said. Part of the reason for the slip is a decision to develop a larger payload fairing with twice the volume of the original one, based on feedback from prospective customers.

This all sounds very encouraging. The test will be their engineering concept to manufacture their rocket entirely by 3D printing, something no one has ever done before. If they experience any problems with this those launch dates will immediately be threatened.

0 comments

Relativity leases manufacturing space from NASA

7:05 am

Capitalism in space: The smallsat company Relativity has leased a large manufacturing space at NASA’s Stennis Space Center in Mississippi where it plans to build its Terran 1 rocket, set for first launch in 2020.

The Stennis center will eventually employ 200 engineers, nearly double the company’s current workforce of 90. The state of Mississippi offered a “significant” incentive package, the company said in a statement. “We’re reducing the human labor component significantly,” said Ellis, a veteran from Jeff Bezos’ space firm Blue Origin, referring to Relativity’s two-story-tall 3D printer arms named Stargate.

Stargate will enable the production of an entire rocket in under 60 days, said Ellis, who is looking to launch nearly two dozen a year in the next five years to prove the company’s production method.

Terran 1’s debut launch is expected in 2020, costing satellite makers $10 million per flight and carrying around 2,755 pounds (1,250 KG) to low earth orbit. That lands the company between U.S.-New Zealand competitor Rocket Lab, whose Electron rocket aims to send nearly 500 pounds to space for $5.7 million, and Cedar Park, Texas-based Firefly Aerospace Inc’s Alpha rocket, which is expected to loft 2,200 pounds (1,000 kg) into low-Earth orbit at a cost of $15 million per flight.

The company has three launch contracts, but they won’t be real until they start launching. If their 3D printing approach works it will cut their costs significantly. Whether it will work or not remains an open question. The 3D printing work I’ve seen with other rockets raises questions about exactly how much of a rocket engine you can make in such a way.

1 comment

Relativity gets third launch contract

8:58 am

Capitalism in space: The new startup rocket company Relativity announced yesterday the signing of its third launch contract with Spaceflight, a company that until now has mostly specialized in arranging secondary payloads on big rockets for smallsat companies.

The launch services agreement between the two companies includes an order for one launch of Relativity’s Terran 1 rocket in the third quarter of 2021, with an option for an unspecified number of additional launches. Terms of the deal were not disclosed, although Relativity has publicized a list price of $10 million for the rocket.

Spaceflight will use those launches for dedicated rideshare missions, aggregating a set of small satellites to fly on the rocket.

The previous two contracts were with the long-established satellite communications company Telesat and a newer satellite company from Thailand called mu Space.

Relativity’s ability to get three launch contracts for a rocket that has not yet flown, no less tested, is somewhat puzzling. There are other companies, Rocket Lab, Vector, Firefly, and Virgin Orbit, that are either operational or have already tested prototype rockets or engines.

I suspect all the contracts have easy escape clauses, and are conditional depending on the company’s successful test program. I also suspect that the deals gave significant price breaks to all three companies for their willingness to sign under these circumstances.

0 comments

Relativity gets a second launch contract

9:07 am

Capitalism in space: The startup rocket company Relativity today announced the signing of a second launch contract for its as-yet untested Terran 1 rocket.

Relativity, the world’s first autonomous rocket factory and launch services leader for satellite constellations, today announced a partnership with mu Space, the innovative Thai satellite and space technology company, to launch a satellite to Low Earth Orbit (LEO) on Relativity’s Terran 1 rocket, the world’s first and only 3D printed rocket.

The first contract was with the well-established satellite company Telesat. The rocket, Terran 1, is scheduled for its first orbital test flight at the end of 2020.

So, where does Relativity stand among the leaders in the new smallsat commercial rocket industry? Let’s do a quick review.

Rocket Lab is of course far in the lead. It has launched four times, and its Electron rocket is now operational.

Second in this race is probably Virgin Orbit. The company has won several launch contracts, and says it will begin launch tests momentarily of its LauncherOne air-launched rocket.

Next comes Vector Launch, though some might argue it is ahead of Virgin Orbit. This company has obtained a large amount of investment capital, has completed two test suborbital launches, has a number of launch contracts, and hopes to do its first orbital launch later this year.

After these three companies there is a pack of rocket companies, all with investment capital, tentative launch contracts, and rockets that are only in the development stages. These include Exos Aerospace, Relativity, and Firefly, with Exos probably in the lead as it has already test flown its reusable SARGE suborbital rocket.

This list does not include the pseudo-private Chinese rocket companies, OneSpace, ISpace, LinkSpace, Landspace, and ExSpace, all of whom are independently developing smallsat rockets using Chinese investment capital but working under the supervision of the Chinese government. Several of these companies have attempted orbital launches. As yet none have succeeded.

Nor have I included India, which has announced it is going to build its own smallsat rocket to supplement its larger PSLV rocket in order to maintain its market share in this new smallsat industry. I also have left out a number of European companies, all of whom are far behind but nonetheless exist and are beginning development.

Other then the already-operating Rocket Lab, all of these companies are predicting their first rocket launches within the next three years. Some will succeed. Some will not. Nonetheless, the launch pace as we move into the 2020s is likely to get quite interesting.

0 comments

Smallsat rocket company Relativity gets its first launch contract

10:45 am

Capitalism in space: The smallsat rocket company Relativity has signed its first launch contract, even though they have yet to complete even one test flight.

Their chief executive nails the importance of this on the head:

In an interview, Tim Ellis, chief executive of Relativity, said the contract is the first customer for the Terran 1 that the company has announced. He said Relativity previously signed a contract with another customer that has yet to be announced.

“What’s really notable about this and why it’s so important for Relativity and the industry is that this is the first time that Telesat, or any major global satellite operator, has selected a completely venture-based aerospace startup for launch services,” Ellis said, noting that the companies had been in extensive discussions prior to announcing this contract. “The credibility of aligning with Telesat we believe is huge for what Relativity is developing.” [emphasis mine]

Their rocket, Terran-1, is not scheduled for its first orbital flight until the end of 2020. Yet, Telesat has given this company a contract. I suspect that contract has a variety of exit clauses, but I also wonder if it gives Telesat some interest in the company in exchange for backing it at this early stage.

Either way, the demand for launch services created by these proposed new smallsat constellations is forcing the satellite companies to make deals that they might never have considered in a less booming market.

0 comments
1 2