Relativity’s reusable Terran rocket competitor to SpaceX’s Falcon 9

Relativity Space, the 3D-printing rocket builder, is making another big bet: Developing a fully reusable rocket, designed to match the power and capability of SpaceX’s workhorse Falcon 9 rockets.

Called Terran R, the reusable rocket is “really an obvious evolution” from the company’s Terran 1 rocket, Relativity CEO Tim Ellis told CNBC – the latter of which Relativity expects to launch for the first time later in 2021.

“It’s the same architecture, the same propellant, the same factory, the same 3D printers, the same avionics and the same…