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New Deal


Announced

Completed

Tiger Global Management led a $500m Series D round in Relativity Space.

Financials

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Transaction Value£373m
Consideration TypeCash
Capital Owned-
Capital Bid For22%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Cross Border

Private Equity

Completed

Minority

Single Bidder

Venture Capital

Friendly

Aerospace

3d printing

rockets engineering

United States

Private

Synopsis

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Tiger Global Management led a $500m Series D round in Relativity Space, the first company to 3D print an entire rocket and build the largest metal 3D printers in the world, with participation from Fidelity Management & Research Company, Baillie Gifford, ICONIQ Capital, General Catalyst, XN, Senator Investment Group, Elad Gil, BOND, Tribe Capital, K5 Global, 3L, Playground Global, Mark Cuban, Spencer Rascoff, and Allen & Company. "This past year drove change in every industry, including aerospace. Throughout 2020, Relativity achieved unprecedented growth, attracted top talent, and stepped up to deliver results we could have only imagined when we started the company less than five years ago. We are on track to launch our first Terran 1 rocket to orbit next year with existing capital on our balance sheet. With this new Series D funding, we will now dramatically accelerate the development of our long-term plans and look beyond first launch," Tim Ellis, Relativity Space Co-Founder and CEO.

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