Eric Schmidt, former CEO of Google, has been appointed as the CEO of Relativity Space, a rocket startup.Schmidt is taking over from the company's co-founder, Tim Ellis.Relativity Space is preparing to launch its larger rocket, Terran R, in 2026 to compete with SpaceX’s Falcon 9 and Falcon Heavy.The company aims to use innovative technologies, such as 3D printers, automated robots, and AI, to produce its rockets.