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Relativity Space’s first 3D-printed rocket goes vertical for launch debut
Relativity Space’s first 3D-printed Terran 1 rocket has rolled out to the startup’s Florida pad and been raised vertical ahead of its launch debut.
Founded in 2015, the private Los Angeles-based spaceflight company shipped its first complete rocket prototype to Florida in June 2022. Prior to that major milestone, Relativity qualified Terran 1’s orbital second stage at leased facilities located at NASA’s Stennis Space Center in southwest Mississippi, and – alongside a nosecone and interstage – arrived at Cape Canaveral Space Force Station (CCSFS) more or less ready to fly.
The last six months have been almost exclusively dedicated to testing Terran 1’s larger and more powerful first stage (booster) as thoroughly as possible. Instead of building a dedicated booster test stand in Mississippi, Relativity chose to modify Terran 1’s lone LC-16 launch pad for the crucial task. Ultimately, the startup was able to complete a large amount of booster testing on the ground, significantly increasing the odds that Terran 1 will perform as expected when it lifts off for the first time.
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
Beginning with cryogenic proofing, propellant loading, ‘spin starts,’ and several shorter static fire tests, Relativity’s first Terran 1 booster test campaign culminated with two long-duration static fires in September 2022. The final 57 and 82-second static fires weren’t quite the “full mission duration” tests Relativity had hoped for, but the company concluded that the data gathered was enough to clear the booster for flight.
According to Ellis, one of the most important insights gained from those tests was into Terran 1’s uncharacteristically complex autogenous pressurization system – unprecedented for such a small rocket. Generally speaking, orbital-class rockets store helium gas in small ultra-high-pressure tanks (COPVs) and use helium to pressurize their propellant tanks as they are drained of propellant. Autogenous pressurization refers to an alternative in which a portion of a rocket’s liquid oxidizer and fuel are turned into hot gas and injected back into their respective tanks to pressurize them.
Helium is extremely expensive and an unrenewable resource. In theory, autogenous pressurization – at the cost of being significantly more complex and finicky – can also reduce the amount of dry mass reserved for tank pressurization. While Terran 1 wasn’t able to complete a full-duration static fire, the tests it did complete showed Relativity that its autogenous pressurization systems are unlikely to be a problem in flight, mostly eliminating a major source of uncertainty.
Following the final 82 or 88-second static fire, Relativity returned Terran 1’s booster to LC-16’s hangar and shifted its focus to fully assembling the two-stage rocket and finishing the launch pad. In early December, the company announced that it had fully assembled the first Terran 1. Days later, the rocket was installed on the pad’s “Transporter Erector.” The T/E responsible for transporting the rocket and raising it vertical, but it also needs to connect the rocket to ground systems (propellant, power, comms, etc.) and hold it down before liftoff.
On or around December 6th, Terran 1 rolled out to the pad and was raised vertical soon after. According to Ellis, all that stands between Terran 1 and its first launch is a short integrated static fire test and a launch license from the Federal Aviation Administration (FAA). It’s impossible to say how long the FAA will take, but it’s likely that Relativity will be technically ready to launch just a handful of weeks from now.
Beyond building a relativity impressive rocket, Relativity’s claim to fame is large-scale 3D printing. The startup says that the first Terran 1 rocket – booster, upper stage, fairing, engines, and all – is 85% 3D-printed by mass and the largest single 3D-printed object ever built. Terran 1 reportedly weighs around 9.3 tons (20,500 lb) empty; will measure around 33 meters (110 ft) tall and 2.3 meters (7.5 ft) wide; and will produce around 90 tons (~200,000 lbf) of thrust at liftoff. The rocket is designed to launch 1.25 tons (~2750 lb) to low Earth orbit for $12 million
Elon Musk has publicly questioned Moody’s credit assessments following the rating agency’s decision to assign SpaceX a Baa1 investment-grade rating, two notches above Tesla’s Baa3. The comments came amid discussions comparing the two companies’ financial profiles.
SpaceX earned its first-time Baa1 rating with a stable outlook from Moody’s. The agency highlighted the company’s leadership in orbital launches, the growing recurring revenue from its Starlink satellite network, strong vertical integration, U.S. government contracts, and emerging opportunities in AI infrastructure.
These factors were cited as supporting robust cash flows, margin expansion, and financial flexibility.
Musk responded directly: “Tesla’s credit rating is ridiculously low tbh,” and added, “Yeah, makes no sense. Tesla has over $40B in cash, no debt, and is consistently profitable!” His remarks underscored Tesla’s balance sheet strength and profitability at a time when many traditional automakers continue to report losses in the shift to electric vehicles.
Yeah, makes no sense.
Tesla has over $40B in cash, no debt and is consistently profitable!
— Elon Musk (@elonmusk) June 19, 2026
Tesla maintains a leading position in the global EV market, with diversification into energy and storage, battery technology, and robotics through projects like Optimus. Recent financial updates show the company generated positive free cash flow of $1.4 billion in Q1 2026, supported by operating cash flow of $3.9 billion. Cash and short-term investments stood at approximately $44.7 billion.
Moody’s has affirmed Tesla’s Baa3 issuer rating with a stable outlook in periodic reviews, acknowledging the company’s EV leadership, technology strengths, including AI for autonomous vehicles, solid profitability, and strong liquidity.
Tesla (TSLA) scores Baa3 Moody’s rating for ‘stable’ outlook
However, the agency has also noted challenges in the automotive segment and expectations for margin pressures.
Musk’s critique highlights a common debate about how traditional rating methodologies apply to high-growth, capital-intensive technology companies. SpaceX benefits from long-term government-backed contracts and diversified, recurring revenue streams, while Tesla’s valuation reflects heavy investment in future technologies such as autonomy and robotics.
Both ratings remain investment-grade, yet the one-notch difference has fueled online discussion about potential inconsistencies in evaluating innovative firms.
The exchange comes as SpaceX explores financing options following its recent valuation milestones, while Tesla continues executing on its multi-year roadmap. Musk’s pointed response serves as a reminder that credit ratings, though influential for borrowing costs, represent one lens through which markets assess corporate strength—and that company leaders often view their financial positions through the lens of long-term innovation and cash generation rather than short-term risk metrics alone.
A new report from Reuters claims that a transport authority in Sweden is pushing back against the approval of Tesla’s Full Self-Driving suite because it will travel over speed limits.
The report says the Swedish Transport Administration (TRV) recommends the European Union votes against FSD’s approval. TRV believes it should not be approved until Tesla disables FSD’s ability to speed.
TRV sent a letter to the European Union’s Technical Committee on Motor Vehicles (TCMV), which is set to meet on June 30 to discuss the potential approval of the Tesla FSD suite in the country. Tesla, which has received various approvals in Europe over the past two months, has not provided a comment.
Teslas operating on FSD do travel over the speed limit, depending on the Speed Profile that is chosen. Drivers have the ability to disengage FSD at any point; Tesla specifically states that those supervising the suite are responsible for its actions.
Let’s cut to the chase: humans operating any vehicle speed almost daily in the United States. Realistically, speed limits in the U.S. are more frequently treated as speed minimums. However, other countries are different, and driving behaviors are less aggressive.
TRV believes that “allowing automated systems to systematically exceed legal speed limits…risks undermining both the legal framework and the expected safety benefits of vehicle automation,” the report stated. It’s surprising that Tesla has not received this claim from other countries previously.
This could be a good argument to bring Max Speed back, the setting that previously allowed the driver to choose the absolute fastest the car would travel.
This would still put the responsibility of supervision in the hands of the driver. It would allow the driver to choose whether the car would travel over the speed limit or not, acknowledging that they set the speed, and if they get pulled over, there would be no ability to argue it.
However, it does not seem as if this is something Tesla will do, especially considering many U.S. drivers have requested the feature in an effort to eliminate speeding or at least tone it down. The company has not shown any interest in bringing it back.
Tesla has approvals for FSD in Europe in Estonia, Lithuania, Denmark, the Netherlands, and Belgium.
Tesla is going to let you guide Full Self-Driving with Grok in 3 months, CEO Elon Musk confirmed on X.
The response from Musk, which revealed Tesla plans to allow drivers to effectively control the car and its navigation more explicitly using Grok, puts the feature for about September.
A Tesla owner said that Full Self-Driving is great, but owners should be able to “converse with Grok like we can with an Uber driver.” She then used examples like, “Grok, turn right here,” and “Drop us off right here, we’ll walk due to traffic,” and finally,” Drop at entrance first, then park far away.”
Coincidentally, the final piece of dialogue would also mean features like Banish are potentially on the way soon.
This functionality will be there in about 3 months or so
— Elon Musk (@elonmusk) June 18, 2026
Banish is also referred to as “Reverse Summon,” and would enable the car to self-park while dropping occupants off at their destination.
This would be a great way to improve the overall experience while supervising FSD. Navigation is already a major painpoint that many owners complain about. Manual overrides when a maneuver is requested or canceled (like using the turn signal stalk to override a navigation route), do not always work.
The feature could be especially useful in street parking scenarios in a city, where spots are sometimes tough to come by. Many of us who grab dinner in a more populated area will park a street or two over from wherever we’re going, because sometimes you know that’s the best you will get. If a driver using FSD could say, “Hey Grok, turn right here on Queen St. and park in that open spot on the right,” it could save a lot of confusion FSD might have on its own.
Musk teased that a similar feature was “coming” back in February:
Tesla Full Self-Driving set to get an awesome new feature, Elon Musk says
It is certainly surprising that Tesla is doing it at this point. The company’s more recent moves have been more evident of taking control and inputs away from humans and putting them in the AI’s hands more frequently. The biggest example of this was taking away Max Speed in AI4 cars, giving us Speed Profiles, and not having any input on the fastest speed the car will travel.
Of course, giving navigation preferences to Grok is availble already in Teslas, but not at the drop of a hat. Instead, you can suggest a certain route at the beginning of your drive.
Here’s an example of that from December:
🚨🏈 I am taking my parents and Fiancee to the @Ravens game next weekend and asked @Grok to help me route my @Tesla through a specific neighborhood to reach the correct Lot we will park in.
This is a great example of the new @grok nav integration with the Tesla Holiday Update: pic.twitter.com/rPp4I7q8Yv
— TESLARATI (@Teslarati) December 13, 2025
Finally, the original post that Musk responded to mentioned a parking preference after dropping off the occupants, which describes the Banish feature that Tesla has teased for years.
We’re not sure if Musk was responding more to the ability to guide the car with Grok, or whether he also was including Banish in the three-month prediction timeframe.
Elon Musk challenges Tesla credit rating from Moody’s after SpaceX gets a higher one
Tesla faces Full Self-Driving pushback in EU over ‘speeding’
