<ul><li>Eric Schmidt, former CEO of Google, has joined rocket start-up Relativity Space as CEO, succeeding co-founder Timothy Ellis.</li><li>Schmidt is making a significant investment and taking a controlling stake in the company.</li><li>Relativity Space is focused on manufacturing cheaper reusable rockets for smaller payloads, with the long-term goal of creating an industrial base on Mars.</li><li>The start-up aims to compete with SpaceX and other legacy manufacturers by offering cost-effective launches into space.</li></ul>

Eric Schmidt Joins Relativity Space as C.E.O.

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