"This really accelerates Relativity's momentum and scaling as we focus beyond first launch on production and various infrastructure expansion projects," Ellis said. "Other exciting new initiatives are underway – which we can discuss further next year – with this capital ... but we're not in the business of taking smaller swings in terms of where we think the technology can go." Relativity is focused on building the first iteration of its Terran 1 rocket, which has 95% of its parts made using "the world's largest 3D-printers" that the company developed in-house. Ellis emphasizes that 3D-printing essentially the entire rocket allows them to be less complex and faster to build or modify, compared to traditional rockets – which may only use 3D-printed parts for a few components. Additionally, Relativity says its simpler process will eventually be capable of turning raw material into a rocket on the launchpad in under 60 days. Terran 1 is priced at $12 million per launch and is designed to carry 1,250 kilograms to low Earth orbit. That puts Terran 1 in the middle of the U.S. launch market, in between Rocket Lab's Electron and SpaceX's Falcon 9 in both price and capability. While Relativity's first Terran 1 launch is not until later next year, important site the company has made significant advances in developing and verifying that its 3D-printing approach works for building a rocket.

https://www.cnbc.com/2020/11/23/relativity-space-builds-war-chest-for-building-.html [Insurance]