Free NewsletterPro Login
S&P 500 6,287 +0.42%
DOW 44,521 -0.18%
NASDAQ 21,103 +0.71%
S&P 500 +12.4%
Briefs Finance Fund +24.8%
JOIN THE FUND →

NASA Just Picked Eric Schmidt's Rocket Company To Race SpaceX To Mars

Published Jun 18, 2026
[tts_player]
Share:
Summary:
  • NASA selected Relativity Space to design, build, and fly the Aeolus spacecraft to Mars with a target launch window of 2028.
  • Eric Schmidt, who bought a majority stake in Relativity after the company hit fundraising trouble, now leads the firm and has not disclosed what NASA is paying.
  • Relativity has never reached orbit and still needs to complete its Terran R rocket before it can attempt the mission.

A rocket company that has never reached orbit just landed a NASA contract to fly to Mars. Its only previous launch broke apart mid-flight in 2023.

The company is Relativity Space - and it's now run by former Google CEO Eric Schmidt.

The Deal

On Wednesday, NASA hired Relativity to design the spacecraft, load it with science instruments, and get it to the Red Planet. The mission is called Aeolus and it's set to launch in 2028.

It's the same playbook NASA has been running for years, with the agency designing the science while a private partner builds and flies the hardware.

SpaceX got a version of this deal for space station cargo runs, and Firefly Aerospace got one for a Moon lander.

Aeolus will carry four instruments to orbit Mars and take readings. NASA wants daily updates on the planet's weather and atmosphere - data it says it needs before sending humans anywhere near the surface.

NASA didn't say how much it's paying Relativity, and Relativity didn't comment.

We break down the contracts and deals actually moving markets every morning in Market Briefs - five minutes a day, with a free 45-minute investing masterclass when you sign up.

The Schmidt Angle

Schmidt bought a majority stake in Relativity last year after the company ran into fundraising trouble. He made himself CEO and has stayed quiet about his plans.

What's known: he's reportedly using the rocket to launch a space telescope funded by his family foundation, and he's talked publicly about putting data centers in orbit.

The Mars contract gives him a shot at something Elon Musk has been promising for years but never actually done - send a real mission to Mars.

(Yes, Musk launched a Tesla in that direction in 2018, but that was marketing, not a science mission.)

Schmidt and Musk already trade jabs publicly over AI safety, and now they're competing in space too.

The Risks

NASA's track record with startup partners is mixed, with some going bankrupt before delivering and one Moon lander tipping over on arrival.

Relativity hasn't even finished the rocket that will carry Aeolus. It still needs to design and build the spacecraft, complete a rocket that has never flown, and hit a 2028 launch window all at once.

NASA is betting that lower costs are worth the risk. If Relativity stumbles, the agency loses a mission - but if it works, NASA gets Mars data at a fraction of what an in-house program would cost.

What To Watch

The 2028 window is tight, and Terran R - Relativity's new rocket - still needs to prove it can reach orbit. If Aeolus does get off the ground on time, Relativity becomes the first private company to send a real mission to Mars.

Musk has been promising Mars for years, but Schmidt has roughly two years to launch and get there.

If you want this kind of read on what's moving in the market every morning, join 350,000+ investors reading Market Briefs - you also get a 45-minute investing course thrown in as a bonus.

Disclosure

Recent News

1 2 3 43

Get Market Briefs delivered to your inbox every morning for free!

No fluff. No noise. No politics. Just finance news you can read in 5 minutes.

Blogs

June 29, 2026
Portfolio Diversification: Why Putting All Your Eggs in One Basket Destroys Wealth
  • Real diversification means spreading investments across all 11 economic sectors plus bonds, alternatives, and cash so no single bet can sink the portfolio.
  • Different sectors perform at different times, so a diversified portfolio captures upswings while smoothing the brutal drawdowns that wipe out concentrated bets.
  • Total market index funds offer the simplest path to diversification, and annual rebalancing is what keeps the structure working over time.
Read More
June 29, 2026
Non Taxable Income: What It Is and Why It Matters
  • Non taxable income is money you receive that you don't owe income tax on.
  • The tax code treats workers, investors, and business owners very differently, and investors often come out ahead.
  • Learning how income is taxed is a quiet superpower for keeping more of what you earn.
Read More
June 29, 2026
Semiconductor Stocks: A Simple Guide for Investors
  • Semiconductor stocks are companies that design and make computer chips, the brains inside nearly every modern device.
  • The AI boom has turned chips into one of the market's most important and most watched groups.
  • They offer big growth potential, but come with high valuations and a notoriously cyclical history.
Read More
June 25, 2026
How Stocks Work: A Simple Guide for Beginners
  • A stock is a slice of ownership in a company - buy one, and you own a piece of the business.
  • You make money two ways: the share price rising over time, and dividends paid to shareholders.
  • The simplest path for most beginners is buying into the whole market through a low-cost index fund.
Read More
June 25, 2026
Stop Loss vs Stop Limit: What's the Difference?
  • A stop loss order sells your stock once it hits a trigger price, prioritizing getting you out.
  • A stop limit order only sells within a price range you set, prioritizing price over a guaranteed exit.
  • The trade-off: a stop loss almost always executes; a stop limit might not if the price moves too fast.
Read More
June 25, 2026
Energy Stocks: A Simple Guide for Investors
  • Energy stocks are companies that produce and supply the power the world runs on, from oil and gas to newer sources.
  • They make up one of the 11 sectors of the market and tend to move with energy prices and big-picture shifts.
  • Like any sector, the key is diversification and understanding the forces driving demand.
Read More
June 18, 2026
What Is a Stop Loss Order? A Simple Guide
  • A stop loss order automatically sells a stock once it falls to a price you set.
  • It's a tool to cap losses or lock in gains without watching the market all day.
  • It works best for active strategies, and can backfire if used carelessly on long-term holdings.
Read More
June 18, 2026
Best S&P 500 Index Fund: How to Choose One
  • The best S&P 500 index fund for most investors is simply the cheapest, most established one that tracks the index well.
  • Funds like VOO, IVV, and SPY all hold the same 500 companies, so the biggest difference is the fee.
  • Pick one, automate your buys, and let time do the heavy lifting.
Read More
June 17, 2026
What Are Penny Stocks? Risks and Rewards Explained
  • Penny stocks are very low-priced shares of very small companies, often trading for just a few dollars or less.
  • They promise huge gains but carry huge risks: low liquidity, high failure rates, and wild price swings.
  • Most investors are better served by quality companies and funds than by chasing cheap shares.
Read More
June 17, 2026
Best Stocks for Beginners With Little Money
  • The best stocks for beginners with little money usually aren't individual stocks at all - they're low-cost index funds.
  • You can start with $100 or less and use small, regular investments to build wealth over time.
  • Focus on diversification and consistency, not on picking the next big winner.
Read More
1 2 3 24
Share via
Copy link