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Ex-Google CEO Eric Schmidt Said to Be Relativity Space Investor [Yahoo! Finance Canada]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Most Read from Bloomberg The businessman, who has a range of investment and philanthropic interests, has been backing the company since last year, said the people, who asked not to be identified because they weren't authorized to speak publicly. The company previously faced challenges raising money in 2024, according to Bloomberg reporting. A representative for Schmidt declined to comment. Relativity didn't immediately respond to a request for comment. It wasn't clear how much Schmidt invested. Relativity, which is based in Long Beach, California, was founded in 2015 with the ambition of building rockets that were almost entirely 3D-printed. The company received a valuation of $4.2 billion in 2021, with a list of investors that includes Fidelity Management & Research Company, Jared Leto and Mark Cuban. The company launched its first rocket, the Terran 1, in 2023 during a test flight that failed to reach orbit. It opted to discontinue development of the vehicle afterward, inst
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