Rocket Lab CEO Peter Beck Reduces Salary to $1 Amid R&D Funding Shift
Peter Beck has cut his salary from $800,000 to $1, redirecting funds toward Rocket Lab's R&D initiatives. This move follows a record year for the company, which reported revenue growth despite ongoing losses.
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Rocket Lab CEO Peter Beck has reduced his salary to $1, down from $800,000, reallocating these funds to research and development projects. Beck also forfeited 392,155 restricted stock units, valued at approximately $22.5 million, emphasizing a focus on long-term shareholder value over immediate compensation.
Despite a revenue increase of 38% to $601.8 million in 2025, Rocket Lab remains unprofitable, reporting an adjusted loss of $101 million last year. The company has secured a $190 million contract with the U.S.
Defense Department and plans to launch its Neutron rocket later this year. The stock rose 11%, yet remains down 8% year to date, reflecting market concerns about profitability.
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