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.
Key takeaways
- NASA has selected Relativity Space for a Mars mission, placing it in direct competition with SpaceX for interplanetary launch.
- Relativity Space was acquired last year by former Google executive chair Eric Schmidt after the company struggled to reach orbit.
- The contract marks the first time the race to Mars has two named players backed by a NASA mandate.
- SpaceX had previously occupied the Mars corridor largely unchallenged, with no NASA-backed competitor aimed at the same destination.
- Whether Relativity can beat SpaceX to Mars depends on consistent execution from a company still building its launch record.
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.
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Filed by the macro desk of MarketPR on June 23, 2026. Source: techcrunch.com. Indicative figures are not investment advice.