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Former Google CEO Eric Schmidt Is the New Leader of Relativity Space
Former Google CEO Eric Schmidt has taken control of rocket startup Relativity Space, replacing co-founder Tim Ellis as CEO and significantly funding the company's development of its medium-lift rocket, Terran R. The New York Times first reported (paywalled) the news. Ars Technica reports: Schmidt's...
Schmidt's ascension also means that Tim Ellis, the company's co-founder, chief executive, and almost sole public persona for nearly a decade, is now out of a leadership position. "Today marks a powerful new chapter as Eric Schmidt becomes Relativity's CEO, while also providing substantial financial backing," Ellis wrote on the social media site X. According to the video, the first "flight" version of the Terran R rocket will be built this year, with tentative plans to launch from a pad at Cape Canaveral, Florida, in 2026.
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