Since he became one of the first investors in rocketry startup Relativity Space, Dallas serial entrepreneur Mark Cuban has watched the company grow into one of the largest players in the private space industry.
Relativity’s most recent raise came this week, with the company announcing a $500 million Series D round, which brings the startup’s valuation to more than $2 billion. The round was led by Tiger Global Management. And like nearly every round that Relativity has raised, Cuban was among the 16 other investors on the round.
Other existing investors on the round were Bond Capital, K5 Capital, Playground Global, Tribe Capital, 3L Capital and Allen & Co. New investors on the round included Fidelity, ICONIQ Capital, XN Capital, Senator Investment Group, Baillie Gifford, General Catalyst and Elad Gil.
“This past year drove change in every industry, including aerospace,” Relativity co-founder and CEO Tim Ellis said in a statement. “With this new Series D funding, we will now dramatically accelerate the development of our long-term plans and look beyond first launch.”
Credit: Source link
