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New Small Launchers are in Decline: Analysis

Summary by Payload
Former Google chief Eric Schmidt took over as CEO of Relativity earlier this month after investing a billionaire’s bounty into the struggling rocket startup.  Once valued at over $4B, Relativity hit a liquidity wall in November as mounting costs stemming from its big-bet pivot from its small launcher Terran 1 vehicle to its heavy-lift reusable Terran R drained company resources.  Billionaire rocket club: Schmidt, with a net worth over $30B accor…
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New Small Launchers are in Decline: Analysis

Former Google chief Eric Schmidt took over as CEO of Relativity earlier this month after investing a billionaire’s bounty into the struggling rocket startup.  Once valued at over $4B, Relativity hit a liquidity wall in November as mounting costs stemming from its big-bet pivot from its small launcher Terran 1 vehicle to its heavy-lift reusable Terran R drained company resources.  Billionaire rocket club: Schmidt, with a net worth over $30B accor…

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Payload broke the news in on Wednesday, March 26, 2025.
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