Peter Beck became a billionaire as his company Rocket Lab USA's stock soared over 340% in 2024.

Peter Beck, founder of Rocket Lab USA, has become a billionaire as his company's stock surged over 340% in 2024. This growth, driven by strong revenue forecasts and successful rocket launches, has boosted Beck's wealth to $1.3 billion, mainly from his 10.2% stake in the company and share sales. Despite this, his wealth is still much less than that of space industry rivals Elon Musk and Jeff Bezos.

4 months ago
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