Musk Gets More Bad New: Big Tech CEO Takes Over Rival

Wednesday, March 12, 2025

The race to colonize the moon has a formidable new member. Eric Schmidt, the former longtime CEO of Google (GOOGL,) is taking the reins of Relativity Space. Founded in 2016, this space exploration and technology startup is based in Long Beach, California, similar to its rival Rocket Lab USA (RKLB).

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However, unlike Rocket Lab, Relativity Space has a new leader who seems highly focused on helping it grow. On Monday, March 10, Schmidt reportedly informed the startup's staff that he had taken a controlling stake in the company and would take over as CEO.

The specific amount that Schmidt has poured into Relativity Space remains unclear. But Schmidt's experience speaks for itself. He served as CEO of Google from 2001 to 2011, doing much to make it into the industry-leading tech giant it is today.

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