Feature/Global Tech

At 18, He Strapped a Rocket Engine to His Bike. Now He’s Taking on SpaceX

After decades of tinkering, Peter Beck and Rocket Lab are poised to bring low-cost launches to the world.
Beck.

Beck.

Photographer: Ian Teh for Bloomberg Businessweek

Peter Beck was more productive than most teenagers. He spent much of his youth tinkering in the family’s garage workshop in small-town New Zealand, amid welding and milling equipment. At 15 he built an aluminum bike from scratch. At 16 he bought a rusted-out Austin Mini for $300 and refurbished it end-to-end, rebuilding the engine and suspension and fixing all of the body panels. Beck’s parents, a museum director and a teacher, encouraged their son—within reason. “Mum would bring dinner down and set it on a bench for me, but it would just get cold,” Beck says. “Eventually she would yell out, ‘You have to stop angle grinding and get to bed.’ ”

In 1999, at 18, Beck did something most people would consider very stupid. After checking out books from the library to learn how to make his own fuel, he set up a laboratory in a backyard shed and set to work on a rocket engine. Lacking a hazmat suit, he wrapped himself in plastic bags and put on a welding helmet as he distilled peroxide and other chemicals.