Relativity Space to build second Terran R factory in Florida with $134M backing
Relativity Space · Space Florida
Space Florida is putting up to $134 million toward a second Terran R rocket factory near Cape Canaveral.
what happened
Space Florida announced July 21 that it signed an agreement to help finance a new Terran R production facility for Relativity Space near Cape Canaveral, with Florida's Department of Transportation providing up to $134 million through its Spaceport Improvement Program, per SpaceNews and WFTV. Governor Ron DeSantis announced the deal, previously known internally as 'Project Forge,' at the Farnborough International Air Show; Relativity currently builds Terran R in Long Beach, California, and plans to expand test and launch infrastructure at Kennedy Space Center and Cape Canaveral Space Force Station, targeting thousands of new jobs by 2034.
why it matters
Relativity CEO Eric Schmidt said the expansion is meant to scale Terran R production for 'commercial, scientific and national security missions'; a second, state-backed factory signals Relativity is betting on higher Terran R production volume ahead of its first launch, and gives Florida another anchor tenant in its competition with Texas and California for launch-vehicle manufacturing investment.
for who
Launch customers watching Terran R's ramp, competing spaceports
signal-to-noise
quick facts
- Companies
- Relativity Space, Space Florida
- Category
- product
- Impact
- major
- SNR
- 4 / 5
- Event date
- 2026-07-21
- Published
- 2026-07-22 17:36 UTC