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Former Google CEO Eric Schmidt is the new leader of Relativity Space
"I think we’re seeing some tension on how we would optimize Terran R."
Another Silicon Valley investor is getting into the rocket business.
Former Google chief executive Eric Schmidt has taken a controlling interest in the Long Beach, California-based Relativity Space. The New York Times first reported the change becoming official, after Schmidt told employees in an all-hands meeting on Monday.
Schmidt's involvement with Relativity has been quietly discussed among space industry insiders for a few months. Multiple sources told Ars that he has largely been bankrolling the company since the end of October, when the company's previous fundraising dried up.
