The startup is the fourth private company to have access to LC-16, joining Spaceon by Elon Musk, Blue Origin by Jeff Bezos and United Launch Alliance. By using the existing launch complex, Relativity Space believes it will save about four years that would have been required to build a launch pad from scratch, according to CNBC.
The company aims to launch its first payload in low Earth orbit by 2020. It is expected that its 3D printed rocket, the Terran 1, can launch payloads of up to 2,700 pounds. Each launch will cost around $ 10 million, and Relativity Space already has more than $ 1 billion in reserved releases in accordance with Axios.
It is worth noting that Relativity Space CEO Tim Ellis was appointed by Vice President Mike Pence as a member of the Users Advisory Group of the National Space Council last year. The executives of SpaceX, Blue Origin and United Launch Alliance are also board members.