{"id":23669,"date":"2025-03-10T19:13:11","date_gmt":"2025-03-10T20:13:11","guid":{"rendered":"https:\/\/medexperts.pro\/?p=23669"},"modified":"2025-03-10T20:26:06","modified_gmt":"2025-03-10T20:26:06","slug":"eric-schmidt-joins-relativity-space-as-c-e-o","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=23669","title":{"rendered":"Eric Schmidt Joins Relativity Space as C.E.O."},"content":{"rendered":"
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For a decade, Eric Schmidt<\/a> ran Google as chief executive and as the \u201cadult\u201d in the room, mentoring the internet company\u2019s young founders, Larry Page and Sergey Brin. In 2011, Mr. Schmidt handed control of Google back to Mr. Page<\/a>. He has not taken another C.E.O. job since.<\/p>\n

But on Monday, Mr. Schmidt told employees of Relativity Space, a rocket start-up in Long Beach, Calif., that he had made a significant investment and taken a controlling stake in the company, and would take over as chief executive, two people with knowledge of the meeting said.<\/p>\n

Mr. Schmidt, 69, succeeds Relativity Space\u2019s current chief and co-founder, Timothy Ellis, the two people said. It is unclear how much money Mr. Schmidt has invested in the start-up.<\/p>\n<\/div>\n<\/div>\n

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Relativity Space is one of a crop of start-ups angling to manufacture rockets that can carry smaller payloads of around two tons or less, up to low to medium Earth orbit. Some of these companies focus on building cheaper, reusable rockets to launch commercial payloads \u2014 usually satellites \u2014 into space for a fraction of the cost of legacy manufacturers that use pricier, disposable rockets.<\/p>\n<\/div>\n<\/div>\n

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Elon Musk, left, the chief executive of SpaceX, spoke with Eric Schmidt last month. Relativity Space is aiming to compete with SpaceX in launching satellites to space. <\/span>Al Drago for The New York Times<\/span><\/span><\/span><\/figcaption><\/figure>\n<\/div>\n<\/div>\n
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The aim would partly be to take on Elon Musk\u2019s SpaceX, the dominant rocket maker. Relativity Space has also said it has a long-term goal<\/a> of creating an industrial base on Mars.<\/p>\n

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For a decade, Eric Schmidt ran Google as chief executive and as the \u201cadult\u201d in the room, mentoring the internet company\u2019s young founders, Larry Page and Sergey Brin. In 2011, Mr. Schmidt handed control of Google back to Mr. Page. He has not taken another C.E.O. job since.But on Monday, Mr. Schmidt told employees of Relativity Space, a rocket start-up in Long Beach, Calif., that he had made a significant investment and taken a controlling stake in the company, and would take over as chief executive, two people with knowledge of the meeting said.Mr. Schmidt, 69, succeeds Relativity Space\u2019s current chief and co-founder, Timothy Ellis, the two people said. It is unclear how much money Mr. Schmidt has invested in the start-up.Relativity Space is one of a crop of start-ups angling to manufacture rockets that can carry smaller payloads of around two tons or less, up to low to medium Earth orbit. Some of these companies focus on building cheaper, reusable rockets to launch commercial payloads \u2014 usually satellites \u2014 into space for a fraction of the cost of legacy manufacturers that use pricier, disposable rockets.Elon Musk, left, the chief executive of SpaceX, spoke with Eric Schmidt last month. Relativity Space is aiming to compete with SpaceX in launching satellites to space. Al Drago for The New York TimesThe aim would partly be to take on Elon Musk\u2019s SpaceX, the dominant rocket maker. Relativity Space has also said it has a long-term goal of creating an industrial base on Mars.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":23671,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-23669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/23669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23669"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/23669\/revisions"}],"predecessor-version":[{"id":23672,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/23669\/revisions\/23672"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/23671"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}