ERIC SCHMIDT JOINS RELATIVITY SPACE AS CEO

Summary from the TLDR newsletter

Google's former CEO Eric Schmidt is now CEO of Relativity Space, a 9-year-old rocket startup - this is Schmidt's first CEO job since he left Google nearly 15 years ago. Schmidt has made a significant investment in Relativity Space and has a controlling stake in the company. Tim Ellis, co-founder and former CEO of Relativity Space, will continue to support the company as a director on the company's board. Relativity Space is gearing up for the launch of its Terran R rocket, scheduled for 2026. The company has so far struck nearly $3 billion in launch contracts with customers.