Prospective American launch provider Relativity Space has announced that it has completed a Series E funding round raising US$650 million. This follows its previous sizeable Series D funding round which raised US$500 million in November last year. The latest round was led by Fidelity and consisted of returning and new investors. A notable new investor is BlackRock.
Relativity says that the funding will support the development of its future “Terran R” rocket. This vehicle will be significantly larger than its currently in-development sibling, Terran 1, and is intended to be fully reusable. Relativity claims that the Terran R vehicle will have a payload capability “in excess of 20,000 kg to low Earth orbit”.