Eric Schmidt Takes Helm at Relativity Space

Eric Schmidt, known for his tenure as Google's CEO from 2001 to 2011, has embarked on a new venture as the CEO of Relativity Space. This rocket startup has made headlines with its 3D printed rocket, the Terran 1, and its ongoing work on the Terran R, a reusable medium-to-heavy-lift launch vehicle. Schmidt's appointment was confirmed by a company spokesperson and marks a significant shift in the company's leadership.

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Schmidt's New Role and Investment

Schmidt is not only taking on the role of CEO at Relativity Space but has also made a substantial financial investment in the company. This move gives him a controlling stake, further solidifying his commitment and belief in the company's mission and future prospects.

Relativity Space's Innovations

Relativity Space has been making waves in the space industry with its pioneering work on 3D printed rockets. Despite the failure of the Terran 1 shortly after launch, the company remains committed to its development of the Terran R, a reusable medium-to-heavy-lift launch vehicle. The company recently posted updates on the Terran R's development, with a planned launch in late 2026.

Transition and Future Prospects

Co-founder Tim Ellis expressed confidence in Schmidt's appointment, emphasizing the smooth transition and his continued support as a board member. With Schmidt's tenacity and passion, the company looks forward to propelling its dream forward.