Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
NatSec100 #33

Relativity Space

Recipient: RELATIVITY SPACE, INC. · UEI PK4MD7YUCTF2

About $161 raised for every $1 obligated. 68% of it came through prime contracts.

Capital raised
$2.3B
Federal obligations, FY2020–FY2026
$14.6M
Raised per $1 obligated
161×
Latest valuation
$4.2B
Series E, 2021 (stale; since marked down)

Obligations by fiscal year

$M
0.2 FY20 5.6 FY21 −0.9 FY22 −2.0 FY23 8.8 FY24 0 FY25 3.0 FY26

Prime contracts Other Transactions Subawards

Contract mix

Prime contracts
$9.9M
Other Transactions
$4.7M
Subawards
$0

Notes

Funding
Excludes undisclosed Schmidt investment

Cite this: Defense Tech Signals, "Capital vs. Contracts: Relativity Space," data as of 2026-11-08, https://data.defensetechsignals.com/c/relativity-space/.

Coverage: prime contracts, IDVs and grants (USAspending), direct Other Transactions (FPDS) and subawards received, FY2020–FY2026. Not included: consortium OTs, FY 2027 so far, loans and classified work. Capital raised: Compiled from announcements and press (Oct 2026). Obligations last refreshed 11/5/2026.