Relativity Space Raises $650 Million to Scale Terran R Rocket Production

LONG BEACH, Calif., June 8, 2021 (Relativity Space PR) – Relativity Space, the first company to 3D print an entire rocket and build the largest metal 3D printers in the world, today announced it closed a $650 million Series E equity funding round. The round was led by Fidelity Management & Research Company LLC with participation from investors including Baillie Gifford, funds and accounts managed by BlackRock, Centricus, Coatue, K5 Global, Soroban Capital, Tiger Global, Tribe Capital, XN, Brad Buss, Mark Cuban, Jared Leto, and Spencer Rascoff, among others. Following the announcement of its fully reusable, entirely 3D printed rocket, Terran R, the company’s latest round of funding enables the scaling of the Terran R program and long-term infrastructure development.  

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Quantum Communication in Space Moves Ahead in Europe

Artists impression of QKDSat. (Credit: Qinetiq)

PARIS (ESA PR) — Keeping information secure in today’s interconnected world is becoming ever more important, so ESA is supporting efforts to ensure that future communications are kept confidential.

A new generation of supercomputing power, delivered by quantum computers, is currently being developed that will be almost unimaginably powerful at cracking the most complex problems upon which encryption is based.

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Centricus Acquisition Corp. to Combine with Arqit Limited, a Leader in Quantum Encryption Technology

  • Arqit Limited (“Arqit”), a leader in quantum encryption technology, has entered into a definitive agreement to combine with Centricus Acquisition Corp. (Nasdaq: CENH, CENHW, CENHU) (“Centricus”), a publicly-traded special purpose acquisition company.
  • Arqit has pioneered a unique quantum encryption technology, QuantumCloud™, which makes the communications links of any networked device secure against current and future forms of hacking – even an attack from a quantum computer.
  • The transaction with Centricus is expected to provide up to $400 million of gross proceeds to Arqit (assuming minimal redemption from existing Centricus shareholders). This includes funds from a fully committed PIPE of approximately $70 million with participation from Arqit business partners Virgin Orbit and Sumitomo Corporation, and Centricus sponsor Heritage Group.
  • Pro forma equity value of the business combination is approximately $1.4 billion, and pro forma enterprise value is approximately $1.0 billion at the PIPE price of $10.00 per share, assuming minimal redemption from existing Centricus shareholders.
  • This transaction will accelerate the next stages of Arqit’s business plan, including the mass commercialization of its products and the launch of two satellites, which is targeted for 2023.
  • Investor webcast and call is scheduled for May 12, 2021, at 9:00 AM EST / 2:00 PM BST.

NEW YORK and LONDON (Centricus/Arqit PR) — Arqit Limited (“Arqit”), a leader in quantum encryption technology and Centricus Acquisition Corp. (Nasdaq: CENH) (Nasdaq: CENHW) (Nasdaq: CENHU) (“Centricus”), a special purpose acquisition company, have entered into a definitive agreement that would result in Arqit becoming a publicly listed company (the “Business Combination Agreement”). Upon closing of the transaction, a newly formed Cayman holding company, Arqit Quantum Inc., will merge with Centricus, acquire Arqit and register its shares  for listing on the Nasdaq Stock Market.

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