Eric Schmidt, former CEO of Google, has been appointed as CEO of rocket startup Relativity Space, taking over from co-founder Tim Ellis. Schmidt has also made a significant investment in the company, acquiring a controlling stake. Relativity Space is working on the Terran R, a reusable rocket set for a late 2026 launch. This move positions Schmidt alongside other tech giants like Elon Musk and Jeff Bezos in the aerospace sector, emphasizing a shift towards innovative space exploration methods such as 3D printing in rocket manufacturing.
Today marks a powerful new chapter as Eric Schmidt @ericschmidt becomes Relativity's CEO, while also providing substantial financial backing.
I know there's no one more tenacious or passionate to propel this dream forward.
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