All Updates

All Updates

icon
Filter
Product updates
Relativity Space aborts Terran 1 maiden launch attempt
Space Travel and Exploration Tech
Mar 9, 2023
This week:
M&A
N-able acquires Adlumin for USD 266 million to strengthen cybersecurity offerings
Next-gen Cybersecurity
Today
M&A
Bitsight acquires Cybersixgill for USD 115 million to enhance threat intelligence capabilities
Cyber Insurance
Today
M&A
Snowflake acquires Datavolo to enhance data integration capabilities for undisclosed sum
Generative AI Infrastructure
Today
M&A
Snowflake acquires Datavolo to enhance data integration capabilities for undisclosed sum
Data Infrastructure & Analytics
Today
Product updates
Microsoft launches Copilot Actions for workplace automation
Foundation Models
Yesterday
M&A
Almanac acquires Gro Intelligence's IP assets for undisclosed sum
Smart Farming
Yesterday
Partnerships
Aduro Clean Technologies partners with Zeton to build hydrochemolytic pilot plant
Waste Recovery & Management Tech
Yesterday
Funding
Oishii raises USD 16 million in Series B funding from Resilience Reserve
Vertical Farming
Yesterday
Management news
GrowUp Farms appoints Mike Hedges as CEO
Vertical Farming
Yesterday
M&A
Rise Up acquires Yunoo and expands LMS monetization capabilities
EdTech: Corporate Learning
Yesterday
Space Travel and Exploration Tech

Space Travel and Exploration Tech

Mar 9, 2023

Relativity Space aborts Terran 1 maiden launch attempt

Product updates

  • Relativity Space, a space travel and launch services provider, aborted the maiden launch attempt of its Terran 1 rocket. The company did not disclose if they will be attempting a re-launch immediately.

  • According to company sources, the call to scrub was made due to the second-stage propellant exceeding criteria limits for thermal conditions. The Terran 1 rocket was not carrying any payloads onboard and was purely a validation mission as the company carried on the development of the Terran R rocket.

  • Standing at 110 ft tall, 85% of the Terran 1 rocket is 3D-printed mass with Relativity Space expecting to increase this value as far as 95%.

  • Analyst QuickTake: In its last funding round, Relativity Space raised USD 650 million in a Series E funding round with the company receiving a post-money valuation of USD 4.2 billion. The funds were expected to be deployed for scaling the Terran R program. Following this, in October 2022, the company unveiled its Stargate fourth-generation 3D printer , capable of printing up to four Terran R rockets. Given the Terran 1 launch was expected to act as a validation mission for the Terran R program, Relativity Space is likely to face delays unless they move ahead with a relaunch as soon as possible.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.