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Eric Schmidt Takes Charge at Relativity Space Amid Growth

3/13/2025

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Summary

Story summary

Eric Schmidt, the former Google CEO, is making waves by investing heavily in Relativity Space and stepping in as CEO. This ambitious startup is on a mission to create affordable rockets for small payloads, taking on giants like SpaceX. Despite a recent setback with a failed launch, Relativity has locked in nearly $3 billion in future contracts and is gearing up to unveil its Terran R rocket in 2026.

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Story summary

Eric Schmidt, the former Google CEO, is making waves by investing heavily in Relativity Space and stepping in as CEO. This ambitious startup is on a mission to create affordable rockets for small payloads, taking on giants like SpaceX. Despite a recent setback with a failed launch, Relativity has locked in nearly $3 billion in future contracts and is gearing up to unveil its Terran R rocket in 2026.