MARKETSNASA Taps Relativity Space for Mars Mission, Setting Up Race With SpaceXJun 23MACROBrooklyn Coffee Shop Poetica Issues Refund to Rep. Dan Goldman, Declares Policy Against 'Genocide Enablers'Jun 22MARKETSAbarca-LucyRx Merger Seen as Catalyst for Broader PBM Consolidation WaveJun 22MACROHailey Bieber, Rhode Founder, Stars in SKIMS Everyday Cotton CampaignJun 22MARKETSMorgan Stanley Warns Fed Won't Rescue Stocks as Market Faces Two Key HeadwindsJun 22CRYPTOOKX and Intercontinental Exchange Announce Joint TradFi-Crypto Venture With Andrew Cuomo as Co-ChairJun 22MARKETSAlan Greenspan, Fed Chair Under Four Presidents, Dead at 100Jun 22MARKETSNintendo Switch 2 Drops to $399.99 at Woot for Prime Day, With September Price Hike to $499.99 LoomingJun 22MARKETSAlan Greenspan, Federal Reserve Chair Who Steered 18 Years of U.S. Monetary Policy, Dies at 100Jun 22NIXXTachyon9 and Nixxy Sign Offtake Deal With Nidar to Anchor Planned North Dakota AI CampusJun 22MARKETSNASA Taps Relativity Space for Mars Mission, Setting Up Race With SpaceXJun 23MACROBrooklyn Coffee Shop Poetica Issues Refund to Rep. Dan Goldman, Declares Policy Against 'Genocide Enablers'Jun 22MARKETSAbarca-LucyRx Merger Seen as Catalyst for Broader PBM Consolidation WaveJun 22MACROHailey Bieber, Rhode Founder, Stars in SKIMS Everyday Cotton CampaignJun 22MARKETSMorgan Stanley Warns Fed Won't Rescue Stocks as Market Faces Two Key HeadwindsJun 22CRYPTOOKX and Intercontinental Exchange Announce Joint TradFi-Crypto Venture With Andrew Cuomo as Co-ChairJun 22MARKETSAlan Greenspan, Fed Chair Under Four Presidents, Dead at 100Jun 22MARKETSNintendo Switch 2 Drops to $399.99 at Woot for Prime Day, With September Price Hike to $499.99 LoomingJun 22MARKETSAlan Greenspan, Federal Reserve Chair Who Steered 18 Years of U.S. Monetary Policy, Dies at 100Jun 22NIXXTachyon9 and Nixxy Sign Offtake Deal With Nidar to Anchor Planned North Dakota AI CampusJun 22

NASA Taps Relativity Space for Mars Mission, Setting Up Race With SpaceX

NASA has selected Relativity Space — the rocket company acquired last year by former Google executive chair Eric Schmidt after the company stumbled on its path to orbit — for a Mars mission, putting it in direct competition with SpaceX for interplanetary launch. The award marks a sharp turn for a company that entered Schmidt's portfolio under difficulty. For the first time, the contest to reach Mars has two named players with a NASA mandate behind them.

By Marcus ColeMacro DeskJune 23, 20262 min read
Share

NASA has selected Relativity Space — the rocket company acquired last year by former Google executive chair Eric Schmidt after the company stumbled on its path to orbit — for a Mars mission, putting it in direct competition with SpaceX for interplanetary launch. The award marks a sharp turn for a company that entered Schmidt's portfolio under difficulty. For the first time, the contest to reach Mars has two named players with a NASA mandate behind them.

A Troubled Track Record Meets a High-Stakes Assignment

Relativity Space did not arrive at this contract from a position of strength. The company had struggled to reach orbit before Schmidt's acquisition last year — a gap in operational history that no government selection erases. The physical demands of a Mars mission sit at the far end of what any launch provider must demonstrate: precision, reliability, and sustained propulsion across a trajectory that allows no in-flight correction. NASA's decision to select Relativity suggests the agency sees enough in Schmidt's reorganized operation to place a serious bet. Whether the hardware can back that judgment is what the program will answer.

Schmidt's Acquisition Thesis, Tested

Schmidt acquired Relativity Space last year when the company was struggling. At the time, the transaction looked like a recapitalization of a rocket startup that had hit a ceiling on its own. The NASA Mars mission contract reframes that picture entirely: Schmidt's wager is now measured not against the modest baseline of reaching orbit but against SpaceX's own interplanetary ambitions. Converting a distressed rocket company into a Mars contender within a single acquisition cycle requires more than capital — it requires the engineering and logistics execution to match.

What a Two-Way Race Changes

SpaceX had occupied the Mars corridor largely unchallenged, with no NASA-backed competitor pointed at the same destination. Relativity Space's selection disrupts that arrangement. Whether Relativity can actually beat SpaceX to Mars — a possibility the NASA award now makes credible — depends on consistent execution from a company still building its launch record, against a competitor with years of orbital operations already logged. The race is real. The outcome is not settled.

Related reading

About this story

Filed by the macro desk of MarketPR on June 23, 2026. Source: MarketPR. Indicative figures are not investment advice.

Back to the news index

Key takeaways

Frequently asked

Which company did NASA select for the Mars mission?

NASA selected Relativity Space, the rocket company acquired last year by former Google executive chair Eric Schmidt.

Who owns Relativity Space?

Relativity Space was acquired last year by former Google executive chair Eric Schmidt when the company was struggling to reach orbit.

Why is this contract significant for the Mars race?

It is the first time the contest to reach Mars has two named players with a NASA mandate, directly pitting Relativity Space against SpaceX's interplanetary ambitions.

What challenges does Relativity Space face?

The company struggled to reach orbit before Schmidt's acquisition and must now demonstrate the precision, reliability, and sustained propulsion a Mars mission requires while still building its launch record.

Has Relativity Space already beaten SpaceX to Mars?

No; the NASA award makes a Relativity victory credible, but the outcome is not settled and depends on consistent execution against SpaceX's years of orbital operations.