Eric Schmidt Named CEO of Relativity Space, Focused on Terran R Launch

Eric Schmidt, the former CEO of Google, has been appointed as the new CEO of Relativity Space, a rocket startup focusing on innovative 3D-printed technology. Schmidt has acquired a controlling stake in the company and replaces co-founder Tim Ellis, who will continue to support the organization as a board member. This transition comes as Relativity Space prepares for the 2026 launch of its larger rocket, Terran R, which aims to compete with established players like SpaceX. The company has secured nearly $3 billion in launch contracts in anticipation of this launch. Schmidt's leadership is expected to bring valuable experience and connections, particularly in navigating relationships with government officials. While Relativity Space has ambitious plans, including a private Mars mission, previous launch failures have posed challenges to achieving these goals.