Relativity, a startup developing an “automated process for manufacturing and launching entire rockets from conception to production,” has raised $35 million in new venture capital funding.

Why it matters: If successful, Relativity could help slash space launch costs because it not only 3D-prints the rockets, but also most of the boosters.

Playground Global led the investment Series B round, and was joined by return backers Social Capital, YC Continuity and Mark Cuban.

Go deeper at Space News: "The company has what it says is more than $1 billion in letters of intent and memoranda of understanding for launches, although none have yet been converted into firm contracts."