Eric Schmidt Named CEO of Rocket Startup Relativity Space

Eric Schmidt, former Google CEO, has taken on the role of CEO at Relativity Space, a rocket startup that aims to revolutionize space travel. This move could potentially position Schmidt in direct competition with industry giants like Elon Musk's SpaceX and Jeff Bezos' Blue Origin.

Eric Schmidt's New Role and Vision

Relativity Space is focused on developing reusable rockets and establishing an industrial presence on Mars. Schmidt, known for his leadership at Google and Alphabet, brings substantial financial backing to the company. As the new CEO, he is set to lead Relativity Space as it works towards launching its Terran R rocket in the near future.

Challenging the Titans of Space Exploration

With Schmidt at the helm, Relativity Space aims to compete with established players like SpaceX and Blue Origin. The company's goal of creating reusable rockets aligns with the missions of SpaceX's Falcon rockets and Blue Origin's New Glenn and New Shepherd vehicles.

Pioneering Technology and Innovation

Relativity Space made history in 2023 by sending the first mostly 3D printed rocket into space, showcasing its commitment to cutting-edge technology. While the initial launch did not reach orbit, the company continues to push boundaries by integrating traditional manufacturing techniques with 3D printing.

Industry Recognition and Growth

Valued at over $4 billion in 2021, Relativity Space has garnered support from major investors such as BlackRock, Fidelity, and Mark Cuban. The company's innovative approach to space travel has captured the attention of the industry and positioned it as a key player in the evolving space exploration landscape.

For more information, refer to the original article on Business Insider.

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By: insider@insider.com (Lauren Steussy,Kelsey Vlamis)
Title: Eric Schmidt Named CEO of Rocket Startup Relativity Space
Sourced From: www.businessinsider.com/ex-google-ceo-eric-schmidt-rocket-startup-relativity-space-2025-3
Published Date: Tue, 11 Mar 2025 02:19:29 +0000