"Long-term, a major benefit of 3D printing is the ability to more rapidly democratize space due to the incredible cost effectiveness, radical flexibility and customization," the company said.
Relativity said its 3D printed rockets use 100 times fewer parts than a traditional rocket and a Terran 1 and a Terran R can be built from raw materials in just 60 days.
Relativity has already signed commercial launch contracts worth $1.65 billion, mostly for the Terran R, according to CEO Tim Ellis, who cofounded the company in 2015.
"Medium-heavy lift is clearly where the biggest market opportunity is for the remaining decade, with a massive launch shortage in this payload class," Ellis tweeted.
