Former Google CEO Eric Schmidt is taking over as the CEO of Relativity Space, a 9-year-old rocket startup, a company spokesperson confirmed in a statement to TechCrunch. This is Schmidt’s first CEO job since he left Google nearly 15 years ago.

On Monday, Schmidt told employees of Relativity Space that he made a significant investment and had taken a controlling stake in the company, The New York Times first reported.

Schmidt is succeeding the startup’s co-founder, Tim Ellis, as chief executive. In a post on X, Ellis noted he will continue to support Relativity Space as a director on the company’s board.