By Nermeen Nabil Khear 
As he consolidates control over Relativity Space, new owner and chief executive Eric Schmidt is planning significant changes at the launch company, including a move to the Lone Star State.
Schmidt’s recent acquisition of the California-based company, which has largely evolved away from its 3D-printing origins to becoming a more conventional rocket developer, has solved Relativity’s primary need. The company has been in a cash crunch for months, and being acquired by one of the 50 wealthiest people on the planet provides financial stability.
One source said Schmidt has made a “mega” investment in Relativity, but the company has not publicly stated the size. It is likely to be at least $1 billion, if not more. Schmidt is also taking an active hand in operations.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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