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Eric Schmidt takes over Relativity Space as CEO
Former Google CEO Eric Schmidt became CEO of Relativity Space on March 10, 2025, taking a stake in the company. Schmidt, who led Google from 2001 to 2011 and chaired its parent Alphabet from 2011 to 2017, replaces co-founder Tim Ellis. The announcement coincided with progress updates on Terran R development.
- Eric Schmidt (former Google CEO 2001-2011, Alphabet chairman 2011-2017) named CEO March 10, 2025.
- Schmidt takes a personal stake in Relativity; estimated net worth $34 billion.
- Tim Ellis (co-founder) remains on the board; previous CEO until this announcement.
- Terran R development: critical design review completed December 2024; $2.9 billion order backlog reported.