The latest billionaire to betoken his interest in the space travel diligence is former Google CEO Eric Schmidt . The flush tech magnate has joined a relatively under - the - radiolocation Eruca vesicaria sativa startup , Relativity Space , as the company ’s new foreland executive .
On Monday , Schmidt announce at a company meeting that he had made a “ significant investment ” in the firm and taken a “ controlling stakes ” in it , the New York Timeshas reported . On top of that , Schmidt plans to take the persona of chief operating officer at the company . It is n’t public data just how much money the tech executive has put into the company .
The company ’s longtime CEO , Tim Ellis , announced on Monday that he would be stepping away from his leadership role at the company . “ Today marks a powerful new chapter as Eric Schmidt @ericschmidt becomes Relativity ’s chief operating officer , while also ply substantial fiscal patronage , ” Elliswrote on X. “ I recognise there ’s no one more tenacious or passionate to propel this dream frontwards . We have been working together to insure a smooth transition , and I ’ll proudly continue to support the squad as Co - laminitis and Board member . ”
© Lukas Schulze (Getty Images)
Schmidt , of form , is in proficient company . Some of the man ’s richest men have made it a goal to conquer space , and they ’re pour money into the effort to become prevailing actor in the industry . The former CEO of Amazon , Jeff Bezos , has Blue Origin , another rocket company , which is creditworthy for having sentWilliam Shatner into space . There ’s also Elon Musk , proprietor of SpaceX , who — in between ruining the federal politics — will take any chance to remind people that he want to colonise Mars .
Like Musk , comparatively Space is also concerned in Mars . The Times writes that the company has “ a long - full term goal of produce an industrial base on Mars , ” whatever that have in mind .
Onits website , the company says that it aspires to become “ the next great commercial-grade launch troupe . ” “ With an ever - grow need for blank infrastructure , requirement for launch service is unendingly outpacing provision , ” the website continues . “ Our reusable rockets can encounter this demand , offering customers the correct size payload content at the right-hand cost . ”
Prior to Schmidt ’s arrival , Relativity was having money trouble , the Times reports . Having encountered technical difficulties , the firm “ face difficulties raising new financial support , ” the newspaper writes .
Schmidt left Google roughly 15 years ago , in 2011 . Since then , he has done a small of this and a little of that . He has sat on the board of trustee of a number of university , been involve in various Defense Department opening , and dabbled in a variety of different tech businesses .
In late years , he ’s also increasingly ask himself in the artificial word business . He wrote a bookwith Henry Kissingeron the subject , ownsan AI company , White Stork , which break machine-controlled plan of attack bourdon that Schmidt once said would assist Ukraine in its war with Russia , and has systematically tried to mould American policy on AI . In that sense , Schmidt has honed in on the two orbit that point wealth and power these days : AI and rockets . That said , his participation in Relativity represents the first metre Schmidt has taken a hand - on leading position at a tech company since his metre at the search giant . There ’s one more billionaire to actively worry about .
Elon MuskEric SchmidtJeff Bezosrelativity spacerockets
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