Relativity Space raised $650M in a Series E round led by Blackrock, Coatue, and others to focus on the development of the Terran R rocket for transporting payloads to LEO.

Relativity Space, a space launch company that has raised $1.3B in total since its inception nearly a decade ago, secured $650M in a Series E funding round. The funding will primarily support the development of the Terran R rocket, designed for heavy-lift and reusable transport of payloads to Low Earth Orbit (LEO).