The former CEO of Google, Eric Schmidt

Eric Schmidt, who was CEO of Google from 2001 to 2011, is now CEO of Rocket Startup Relativity Space, company spokesperson confirmed at Techcrunch. Schmidt will replace the co-founder of the Tim Ellis relativity space in the role of the CEO.

Schmidt is not the only one in the segment – Elon Musk and Jeff Bezos are known for their work with SpaceX and Blue Origin, respectively, and the former executive of Amazon Dave Limp took the post of CEO of Blue Origin in 2023.

The relativity space launched “the first rocket printed in 3D in the world”, called Terran 1, although it failed Shortly after launch. It also works on the Terran R, which He says it is “Our average reusable launching vehicle.” The company has published A press release Monday Cetail the updates on the development of Terran R before a launch planned for “end of 2026”.

Schmidt also told employees of relativity of relativity today that he had made a significant investment in the company and took a majority participation, according to The New York Times. The relativity space did not immediately respond to a comment request.

“Today marks a powerful new chapter as Eric Schmidt @ericschmidt becomes CEO of relativity, while also providing substantial financial support, ” Ellis says in a post on x. “I know there is no more tenacious or passionate to propel this dream. We worked together to ensure a smooth transition, and I will proudly continue to support the team as a co-founder and member of the board of directors. »»