Eric Schmidt, former Google CEO, joins Relativity Space as CEO, investing in and leading the 3D-printed rocket startup toward its 2026 Terran R launch.
In a groundbreaking move that is set to reshape the landscape of the space industry, former Google CEO Eric Schmidt has been appointed as the CEO of Relativity Space. This 9-year-old rocket startup, renowned for its innovative use of 3D printing, automated robotics, and artificial intelligence in rocket manufacturing, is now poised to reach new heights under Schmidt’s leadership.
A Strategic Investment and Leadership Shift
As confirmed by a company spokesperson to TechCrunch, Schmidt’s appointment marks his first CEO role since departing from Google nearly 15 years ago. Alongside assuming the executive role, Schmidt has made a substantial investment in Relativity Space, securing a controlling stake in the company, as first reported by The New York Times.
Schmidt steps into the shoes of Tim Ellis, the co-founder and former CEO of Relativity Space. Ellis announced via a post on X (formerly Twitter) that he would continue to support the company as a board director, ensuring a smooth transition and ongoing strategic guidance.
Overcoming Early Challenges and Focusing on Terran R
In 2023, Relativity Space successfully launched its Terran 1 rocket, showcasing the potential of its 3D-printed technology. However, the rocket failed to reach orbit. Later that month, Relativity Space discontinued Terran 1 in favor of the Terran R. This strategic pivot aims to position Relativity Space as a formidable competitor to SpaceX’s Falcon 9 and Falcon Heavy.
Long Beach-based rocket company faced cash shortages in 2024, according to Bloomberg. Despite these financial challenges, Relativity Space has attracted notable investors, including Mark Cuban, BlackRock, and Fidelity.
Preparing for the Launch of Terran R
Schmidt’s arrival comes at a pivotal moment as Relativity Space gears up for the highly anticipated 2026 launch of Terran R. The company has already secured nearly $3 billion in launch contracts, underscoring the market’s confidence in Relativity Space’s innovative approach and ambitious vision.
Leveraging Experience and Connections
Schmidt’s decade-long tenure at Google, during which he played a crucial role in transforming the company into a global tech powerhouse, equips him with invaluable experience in scaling businesses and navigating complex technological landscapes. While running a rocket company differs significantly from managing a search engine, Schmidt’s track record as a valuable operator who can effectively grow startups makes him well-suited for the role. Moreover, his extensive connections in Washington, D.C., could provide strategic advantages in securing government partnerships and regulatory support for future missions.
The Future of Relativity Space
With Eric Schmidt’s leadership, substantial financial backing, and strategic vision, Relativity Space is well-positioned to disrupt the space industry. As the company prepares for the launch of Terran R and explores new frontiers in space travel, Schmidt’s expertise in technology and business management is likely to play a critical role in driving growth and success.
Stay tuned as Relativity Space embarks on this exciting new chapter, with Eric Schmidt leading the charge into the future of space exploration.
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