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More 3D printers, SpaceX leaders



Thanks to an influx of capital over the past decade, there are more than 100 young rocket companies estimated to be racing to orbit, hoping to be among the first to demand a new market for smaller spacecraft.

; in the weight class of the SpaceX's large Falcon 9 rocket and Rocket Lab's small Electron rocket. While both of these rocket makers have reached orbit multiple times, Relativity's first launch is not expected for about two years. And Relativity's valuation of about $ 100 million, using traditional venture capital metrics, is a fraction of Rocket Lab's over $ 1 billion and SpaceX's $ 30.5 billion.

But a year ago, Relativity had about 10,000 square feet of space, 14 employees and one enormous world-class 3D printer.

Today, Relativity has more than 60,000 square feet of real estate, 64 employees and is finishing three of the three printers, each bigger and more advanced than the company's first printer. Among these new staffers are veterans of the technology giants: SpaceX, Blue Origin, Tesla, Google's Waymo, Virgin Orbit and more.

"At this point, our team is just ridiculously legendary," Relativity CEO Tim Ellis told CNBC. "19659003 Relativity added David Giger as vice president of launch vehicle development and Tim Buzza as a full-time adviser. Both Giger and Buzza were with SpaceX when the company was less than 50 employees and building their first rocket, Falcon 1. They also knew Relativity co-founder Jordan Noone while at SpaceX.

"I'm really excited to really dive Inside the team and get back to building a launch company … [as well as] to leverage those lessons learned from Falcon 1, also from Dragon, and help this team push the boundaries. "Giger told CNBC.

Relativity also recently brought is Josh Brost, a nine-year veteran at SpaceX who joins the start-up as vice president of government business development. Ellis said that Brost "secured over $ 3 billion in contract with the US government and commercial entities" while with SpaceX.

"It's really the one-two punch: Brost, the person who won the billions of dollars in contracts and Giger, The person executing billions of dollars of contracts, "Ellis said.


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