Relativity Space signs its the satellite transportation company Momentus as its first customer

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The tie-up links two of Y Combinator’s space-focused alumni, with Momentus graduating in 2018 and Relativity launching from the accelerator in 2016. The company’s key innovation was the development of a water-based plasma propulsion system for low-cost transportation in space. “With Momentus’ innovations in sustainable in-space ‘last mile’ solutions, we look forward to working together to expand Terran 1’s flexibility and offering beyond LEO, offering small and medium satellite launch opportunities with industry-defining lead time, flexibility, and cost,” Ellis said in a statement. “This partnership will enable us to build the space economy faster, and accelerate the future of humanity in space.” The company has dramatically expanded its production, testing and launch facilities to include 280,000 square feet of operations on facilities at Cape Canaveral in Florida and the NASA Stennis Space Center in Mississippi. Relativity also has customer agreements with Telesat, to support their low Earth orbit constellation; the Thai satellite and space technology company, mu Space; and Spaceflight Industries to launch their smallsat ride-shares.

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Relativity
$100M to $250M