Relativity Space
Pre-IPOLaunch & Transport
$6.5B
Pioneering 3D-printed rockets. Relativity's Terran R medium-lift vehicle uses the world's largest metal 3D printers to manufacture rockets with far fewer parts than traditional approaches. Led by Eric Schmidt since 2025.
Visit websiteBEFORE YOU BUY PRE-IPO
reviewed 2026-09-02- Pre-IPO exposure sold through secondary-market special-purpose vehicles (SPVs) can be resold before the IPO. In August 2026 a SpaceX investor paid for pre-IPO exposure and then learned the underlying shares had already been sold.
- Fee stacks of 2 to 18% per layer were reported in August 2026; every intermediary between you and the company takes its own.
- Many of those intermediaries are not registered broker-dealers.
- A hot listing is not a floor: York Space priced its January 2026 IPO at $34, the top of its range, and fell 76% in 2026 after listing.
Recent listings to compare against: Voyager Technologies (VOYG, listed 2025-06-11) and York Space (listed 2026-01-29). Nothing on SpaceDew is financial advice.
IPO TIMELINE
No formal IPO timeline announced. The company pivoted from the small Terran 1 to the larger Terran R; a public offering realistically follows a successful Terran R debut rather than preceding it.
KEY METRICS
Last Valuation
$6.5B (mid-2026)
Terran R Payload
23,500 kg to LEO
Launch Backlog
$2.9B+ signed
First Flight
Late 2026 (LC-16)
CATALYSTS
Terran R first flight from Cape Canaveral LC-16
Converting the $2.9B backlog into flown missions
DOD NSSL Phase 3 lane selection
Reusability demonstration