Ex-Google CEO Schmidt Said to Be Relativity Space Investor
- Once valued at $4.2 billion, startup struggled to fundraise
- California-based Relativity Space makes 3D-printed rockets
Eric Schmidt, the former chief executive officer of Google, has made a significant investment in 3D-printed rocket maker Relativity Space Inc., according to people with knowledge of the matter.
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.