If we are betting on a company that hasn't launch anything and wont for years to come. We know we are grasping at straws. They haven't even tested reentery or landing of a first stage rocket yet. They have a cool design.

They are just one of many hopefuls in the industry.

> They are just one of many hopefuls in the industry.

There's a big difference. Virtually all rocket startups are doomed regardless of whether their rockets succeed or fail because of the competition from fully reusable Starship and/or Terran R and/or Stoke.

Relativity and Stoke actually have a chance of success. It's small, but non-zero.