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Seems like a company that initially differentiated itself by hyping 3D printing, and once they realized that won't work they've got to pivot without spooking everyone.
this post was submitted on 04 Sep 2024
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I thought exactly the same thing. If they're not a 3D printed rocket company then they're just another of a field of rocket companies? Why would a customer choose them. The article enlightened me to who:
In a private letter to "investors, advisors, and friends" summarizing the company's operations after the first half of 2024, Relativity said it currently has a backlog of $2.6 billion in commercial launches and is in discussion or has signed a contract with many major megaconstellation providers (but not SpaceX). Ellis would not confirm this, but multiple people have told Ars that Relativity recently signed a deal for multiple launches with Amazon's Project Kuiper constellation.
There is at least $2.6 billion worth of customer that wants a SpaceX like launch product, but is unwilling to buy from an Elon Musk company. With how toxic Musk's behavior is these days, I could see that customer market growing. The US government is putting LOTS of payloads into orbit in SpaceX's Falcon 9 because there's nothing even close to it in price and performance. If Relativity can even get close to Falcon 9, they'll almost certainly pick up a large chunk of US payload contracts as the government doesn't like to have a single supplier for nation security reasons.