Just a week after unveiling an agreement to use one of NASA’s rocket test complexes in Mississippi, Relativity Space is announcing $35 million in new funding that’ll help the rocket-building startup take advantage of the deal.
The Series B financing round is led by Playground Global, with full participation from Relativity’s existing investors, Social Capital, Y Combinator and billionaire entrepreneur Mark Cuban. The money brings total investment in the three-year-old company to more than $45 million.
“It’ll make us able to grow the team from 17 employees to over 45 by the end of this year,” Relativity CEO and co-founder Tim Ellis told GeekWire.
