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Vast in Talks for $300 Million Financing
Summary: According to Forbes, sources revealed that the startup Vast, dedicated to building the world's first commercial space station, is in negotiations for a $300 million financing round, valuing the company at $20 billion. The sources stated that Balerion Space Ventures will lead this round of financing, with negotiations still ongoing and figures subject to change. ...
According to Forbes, sources revealed that the startup Vast, dedicated to building the world's first commercial space station, is in negotiations for a $300 million financing round, valuing the company at $20 billion.
The sources stated that Balerion Space Ventures will lead this round of financing, with negotiations still ongoing and figures subject to change. So far, the company has been primarily funded by Jed McCaleb. McCaleb, the founder of crypto companies Ripple and Stellar, has earned billions and expressed willingness to invest up to $1 billion of his personal wealth.
Vast plans to launch its first space station prototype, 'Haven - 1,' in 2026, and begin sending components for its next space station, 'Haven - 2,' in 2028, aiming to replace NASA's International Space Station.
Earlier in March this year, Ripple co-founder Jed McCaleb shared Vast's billion-dollar space station plans.
