Tag: Terran-R

Rocket startup Relativity experiencing money troubles

11:55 am

According to a report from Bloomberg today and based on anonymous sources, the rocket startup Relativity is experiencing serious cash shortages that threaten its future.

Relativity Space Inc., the privately held US maker of 3D-printed rockets that once soared to a $4.2 billion valuation, is running low on cash, raising questions about the future of its launch business, people familiar with the matter said.

The company has faced challenges raising additional capital, said the people, who spoke on condition of anonymity because the matter is confidential. Relativity, which last launched a rocket in March 2023 and has plans to launch its larger Terran R in 2026, hasn’t reached a decision on a path forward.

It is hard to say whether this information is correct. However, the story also had this tidbit that I myself have heard from my own sources:

The company also announced plans to incorporate more traditional manufacturing methods with Terran R, moving away from using 3D printing.

Since from its very founding Relativity touted 3D printing as the wave of the future, claiming its decision to build its rockets entirely in that manner would produce rockets fast and cheaply. That it is no longer doing this suggests that reality was not the same as these visions, and the company discovered that it is better to look for the best way to do each thing rather than try to fit everything into the same mold.

It also appears that the company spent a lot of its capital trying to make 3D printing work, and as a result it is now short of cash.

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New questions raised about the rocket startup Relativity

10:06 am

Link here. Apparently Relativity has had a number of problems developing its proposed large Terran-R rocket using the 3D printing technology the company has specialized in.

According to internal documents reviewed by Ars, Relativity had difficulty printing pressure domes for the Terran R rocket. One of the documents references a “large buckling event” with a printed dome. As a result, Relativity seems likely to purchase these pressure domes from a European aerospace company.

The details provided for the status of Terran-R are somewhat vague. There are claims its size has been revised, and that the company is now outsourcing construction of some parts to European vendors, but none of this is described with any specificity. All in all however it does appear the rocket’s first launch is facing a delay from its 2026 targeted launch date. Earlier reports had suggested this, and this new report reinforces that sense.

I still wonder if Relativity might find much greater and more immediate success marketing its sophisticated 3D printing technology to other industries.

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Rocket startup Relativity foregoes bidding on present round of military launch contracts

10:01 am

The rocket startup Relativity has decided not to bid on the present round of National Security Space Launch (NSSL) Phase 3 contracts, saying the first launch of its new Terran-R rocket will not occur until 2026, well after those contracts are going to be awarded and flown.

Relativity was initially aiming to compete for the first round of NSSL Phase 3 contracts expected to be awarded later this year. However, the California-based company’s new Terran R rocket won’t fly until 2026 at the earliest, which falls outside the timeframe for this year’s NSSL Phase 3 awards. “We’ve been fairly transparent with our schedule over the last year and have continued to hit our milestones,” Joshua Brost, chief revenue officer at Relativity Space, told SpaceNews. “We’re very comfortable about on-ramping to NSSL in the future, likely next year as we approach that 12 months from initial launch.”

Relativity, after completing one partly successful launch of its smaller Terran-1 rocket in 2023, abandoned further development on that rocket in order to focus on its larger Terran-R. That decision however put it out of the launch market for years. I have always wondered if that decision was partly influenced by the increased launch regulation of the FAA in the past two years, which has caused the launches of new American rockets to almost cease. It might have realized getting Terran-1 launched again would be difficult and waste valuable company time and resources. Better to take a break on the hope that by 2026, the regulatory atmosphere might have improved.

Furthermore, Relativity uses very sophisticated 3D technology to build its rockets, an asset whose value on the market is maybe much greater than its rockets. It could be that Relativity is exploring this avenue at the moment, and we might find it never resumes launches.

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Six launch companies give updates on the status of their rockets

9:03 am

Link here. The event was a panel at a conference where officials from SpaceX, ULA, Mitsubishi, Arianespace, Relativity, and Rocket Lab gave presentations.

Based on what is reported at the link, the Mitsubishi update was the most significant:

Mitsubishi Heavy Industries (MHI) successfully launched its H3 rocket Feb. 16 after the rocket’s inaugural launch failed nearly a year earlier, a setback that Iwao Igarashi, vice president and general manager at MHI, called a “nightmare.” “There were no major problems with the rocket” on its second flight, he said.

We will have to see. Though everything worked as planned on the second flight, the true test on whether Mitsubishi has overcome the issues from the first launch will be the rocket’s third launch, presently scheduled for sometime next year.

A Relativity official said their Terran-R rocket is still targeting a first launch in 2026, while Rocket Lab was hopeful that the first launch of its larger Neutron rocket would occur by the end of this year.

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Relativity and Impulse are now targeting ’26 launch window for 1st private mission to Mars

9:41 am

According to officials from the two companies, Relativity and Impulse have now delayed the launch date of their joint private unmanned lander to Mars from the ’24 launch window to the ’26 launch window.

The companies have also shared few technical details about the lander, but noted they plan to leverage designs and technologies developed for NASA’s InSight Mars lander, such as its heat shield. “We’re not trying to reinvent the wheel,” Brost said. “Doing a clean-sheet design of a lander is an insane, monumental engineering feat.”

Relativity is tasked with launching the probe, using its Terran-R rocket, which is under development and has its first launch scheduled in 2026. Impulse, which is building the lander, is at this point simply trying to develop its first small rocket engine. It appears therefore that this proposed Mars lander is designed mostly to make NASA willing to consider it when it starts hiring private companies to land probes on Mars. Its chances of launching in ’26 is quite small.

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Relativity ends Terran-1, will move to developing more powerful Terran-R

9:40 am

According to Tim Ellis, the head of the rocket company Relativity, it has decided to end any further work on its small test rocket, Terran-1 following its first failed launch and shift all work to developing its more powerful Terran-R rocket.

The company feels good about the data collected from the flight, as Terran 1 made it further into space than the debut launches from a majority of small rocket companies. It also validated the company’s test and launch program, he said, and its approach to 3D printing large parts of a rocket. “Terran 1 was always meant to develop technologies that were pushing the bounds for what was needed for Terran R,” Ellis said.

But now, it’s time to move on. Relativity Space is negotiating with NASA to move the one existing commercial launch on Terran 1—the Venture Class Launch Services Demonstration 2 mission—onto another rocket, possibly the Terran R. In other words, there will be no more Terran 1 launches.

Ellis also described some major changes in the design of Terran-R. The company will no longer attempt to make the second stage reusable, it will no longer 3D-print its entire structure, its first stage will be more powerful and will be flown and reusable like SpaceX’s Falcon 9, and its first launch will be pushed back from 2024 to 2026.

This decision means that Relativity will not become an operational and competitive rocket company for another three years, at the soonest. However, should it succeed in achieving these new plans for Terran-R, it will have a rocket that can directly compete with SpaceX, while beating out anything either ULA or Blue Origin can at this time offer. For example, the rocket will be able to put from 23 to 33 tons into low Earth orbit, which is more than the Falcon 9 (20 tons) and not much less than the Falcon Heavy (50 tons), and generally better than Vulcan (27 tons). As noted at the link:

[T]he US government (as well as commercial satellite customers) would very much like a second company to step forward and challenge SpaceX on innovation, price, and reliability. Ellis correctly sees that this lane remains open with questions about Vulcan’s long-term future, Blue Origin’s slow movement on New Glenn, and Rocket Lab’s focus on a smaller medium-lift rocket, Neutron.

Whether this new strategy will work depends entirely on whether Relativity can deliver by 2026. If it does so, it will very likely beat Blue Origin into orbit, and be chosen by the military to replace it as one of the Pentagon’s launch providers. It will also make ULA’s position more vulnerable, because Vulcan will no longer be the only other option, and it will likely not be able to compete with the prices offered by SpaceX and Relativity.

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Relativity edges closer to first launch

9:59 am

Relativity has begun stacking its Terran-1 rocket with a goal of soon rolling it out to the launchpad for static fire tests.

The launch date itself remains uncertain. Though the company hopes to lift-off before the end of the year, it also has not committed to that goal.

“We are confident in our tech readiness to launch this year, and we’re still marching toward that,” Ellis said. “But there are a few external factors as we’re getting close to the end of the year that could impact the timeline for us. It’s not a guarantee, but it could.”

Those external factors include other spaceport users in Florida, including uncertainty around the mid-November launch of NASA’s Space Launch System rocket, and blackout periods as part of the military’s Holiday Airspace Release Plan. This effectively precludes launches around Thanksgiving, Christmas, and New Year’s Day due to the high volume of airline flights.

Ellis said the company is progressing well toward securing a launch license for “Good Luck Have Fun,” and noted that the Federal Aviation Administration accepted its methodology for debris mitigation as well as its trajectory analysis software.

The article at the link adds some additional details about the company’s plans. This Terran-1 rocket appears to be its equivalent of SpaceX’s Falcon-1. The company plans to quickly replace it with its much larger Terran-R rocket, comparable to the Falcon-9 in power and price. And it already has won $1.2 billion in launch contracts, and hopes to launch within two years.

I wonder if Terran-R will launch before Blue Origin’s much touted but repeatedly delayed New Glenn rocket. The article itself appears to think so, since it focuses entirely on the competition between SpaceX and Relativity, as if Blue Origin and New Glenn do not even exist.

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Relativity signs deal to launch Impulse Space’s missions to Mars

10:20 am

Capitalism in space: The commercial rocket startup Relativity has now signed a deal with the orbital tug startup Impulse Space to launch at least one mission to Mars, possibly as early as 2024.

Impulse Space has announced that the company will launch the first commercial payload to Mars on board Relativity Space’s Terran R rocket. Under the new partnership, Relativity will launch Impulse’s Mars Cruise Vehicle and Mars Lander from Cape Canaveral, Florida, as part of an exclusive agreement until 2029.

The earliest anticipated launch window occurs between 2024 and 2025 and would make use of Relativity’s fully reusable Terran R rocket launching from Space Launch Complex 16 (SLC-16) at the Cape Canaveral Space Force Station.

Terran R is planned to complete the trans-Mars injection burn to place the cruise vehicle, carrying the lander, on a trajectory toward Mars. The cruise vehicle will then separate from the lander that, protected by an aeroshell, will enter the Martian atmosphere and attempt to propulsively land on the surface of the red planet.

To say that this plan is tentative is to state the obvious. First, Relativity has not yet launched its first rocket. It hopes to do so before the end of this year, but that rocket is the Terran-1, much smaller than the proposed Terran-R. Second, Impulse itself has not yet launched any tugs, though its founder, Tom Mueller, was the head engine development at SpaceX when it developed the Merlin, Draco, Super Draco, and Raptor engines. After leaving SpaceX he created Impulse Space to provide orbital and interplanetary transportation for others. It appears he has decided that an early Mars mission will be the best way to put his company on the map.

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OneWeb signs up startup rocket company Relativity for future satellite launches

9:34 am

Capitalism in space: The rocket startup Relativity, which hopes to complete its first test launch of its small Terran-1 rocket before the end of the year, yesterday announced that it has won a launch contract with OneWeb to use its larger but not-yet-ready-for-launch Terran-R rocket to place future OneWeb satellites into orbit.

Under the agreement, Relativity will launch OneWeb’s low Earth orbit (LEO) satellites on Terran-R, the first fully reusable and entirely 3D printed rocket, starting in 2025. These launches will support OneWeb’s deployment of its Gen 2 satellite network, which will add capacity and fresh capabilities to build upon the initial constellation of 648 satellites the company is currently building out.

Since its launch contract with Arianespace using Russian Soyuz rockets fell apart due to Russia’s invasion of the Ukraine, OneWeb has been signing up a range of rocket companies, first SpaceX, then India, now Relativity. Apparently the satellite company realized it was a bad idea to depend on only one rocket, and is now lining up several to make sure its satellites can launch on schedule, no matter what.

For Relativity, this agreement solidifies its future, even before it has completed its first launch. It now has five customers for its Terran-R rocket, with contracts worth $1.2 billion. All it has to do now to become a major player in the global launch market is to get its rockets off the ground.

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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.

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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.
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