Eric Schmidt, who was the CEO of Google from 2001 to 2011, is now the CEO of rocket startup Relativity Space, an organization spokesperson confirmed to TechCrunch. Schmidt can be changing Relativity Space co-founder Tim Ellis within the CEO position.
Schmidt isn’t alone within the section – Elon Musk and Jeff Bezos are recognized for his or her work with SpaceX and Blue Origin, respectively, and former Amazon government Dave Limp took over as CEO of Blue Origin in 2023.
Relativity Space launched “the world’s first 3D printed rocket,” known as the Terran 1, although it failed shortly after launch. It’s additionally engaged on the Terran R, which it says is “our reusable medium-to-heavy-lift launch automobile.” The firm posted a press launch on Monday detailing updates on Terran R’s improvement forward of a deliberate “late 2026” launch.
Schmidt additionally advised Relativity Space staff at the moment that he has made a big funding within the firm and brought a controlling stake, in accordance with The New York Times. Relativity Space didn’t instantly reply to a request for remark.
“Today marks a robust new chapter as Eric Schmidt @ericschmidt turns into Relativity’s CEO, whereas additionally offering substantial monetary backing,“ Ellis says in a put up on X. “I do know there’s no another tenacious or passionate to propel this dream ahead. We have been working collectively to make sure a clean transition, and I’ll proudly proceed to help the crew as Co-founder and Board member.”
