Eric Schmidt, who was the CEO of Google from 2001 to 2011, is now the CEO of rocket startup Relativity House, an organization spokesperson confirmed to TechCrunch. Schmidt will probably be changing Relativity House co-founder Tim Ellis within the CEO position.
Schmidt isn’t alone within the section – Elon Musk and Jeff Bezos are recognized for his or her work with SpaceX and Blue Origin, respectively, and former Amazon govt Dave Limp took over as CEO of Blue Origin in 2023.
Relativity House launched “the world’s first 3D printed rocket,” referred to as the Terran 1, although it failed shortly after launch. It’s additionally engaged on the Terran R, which it says is “our reusable medium-to-heavy-lift launch car.” The corporate posted a press launch on Monday detailing updates on Terran R’s growth forward of a deliberate “late 2026” launch.
Schmidt additionally advised Relativity House staff right now that he has made a major funding within the firm and brought a controlling stake, in response to The New York Instances. Relativity House didn’t instantly reply to a request for remark.
“In the present day marks a strong new chapter as Eric Schmidt @ericschmidt turns into Relativity’s CEO, whereas additionally offering substantial monetary backing,“ Ellis says in a submit on X. “I do know there’s no yet one more tenacious or passionate to propel this dream ahead. We now have been working collectively to make sure a easy transition, and I’ll proudly proceed to assist the staff as Co-founder and Board member.”
