Summarizing and adding some points:<p>- Relativity Space was founded in 2016. Just to compare, Blue Origin was founded in 2000. It serves as a stark example of how throwing money at something doesn't necessarily solve problems. Who would've thought in 2000 that 23 years later Blue Origin still wouldn't have reached orbit?<p>- SpaceX's Falcon rockets use oxygen and RP-1 (ie pure kerosene) as fuel. Starship (like the RS Terran rockets) are attempting to use methane instead of RP-1. This is incredibly complicated because RP-1 is liquid as normal temperatures and methane isn't. So instead of chilling one fuel, you have to chill both. A big reason to do this is relevant to rocket reuse. RP-1 leaves behind a soot-like residue all over the inside of the engines. This process has a name that I can't recall. Methane does not have this problem so should reduce reuse cost and turnaround time;<p>- The company claims they will be hopefully flying the Terran R (reusable and larger version of the Terran 1) as early as next year. I am extremely skeptical. RS hit some important milestones with this launch but ultimately did fail to reach orbit. To argue we're 12-18 months away from a newer, larger and reusable version seems beyond optimistic at best. Landing a first stage is nontrivial. I think 2-3 years is more realistic and still aggressive;<p>- Falcon 9 can carry ~22,000kg to LEO. The Terran-1 has a projected payload of 1250kg so even with the low launch cost, the cost per kg is uncompetitive. Remember a rocket can carry multiple payloads (eg the Starlink launches a bunch of satellites at once). Still, there might be a market for this;<p>- RS seems to be putting all their eggs in the Terran-R bucket, which aims to be a reusable vehicle. I don't have details on this but I assume like Falcon it'll be a reusable stage 1 that lands. I'm not sure what the projected payload and cost of this is;<p>- 3D printing is mentioned all the time in RS news. I'm honestly not sure why. Is this really an advantage? Rockets are big. They're made of very large components. The usual advantage of 3D printing is not in cost but in your ability to produce things that cannot be made with traditional methods. For example, newer planes like 787 do this for key components in the engines. Ultimately i don't think people care how it's made, just what the payload cost, launch lead time and potential launch volume is.<p>Personally I'd like to see more competition in this space so I wish them well.