Vast Seeks $300M Funding at $20B Valuation for Space Station Projects

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Vast is seeking $300 million in funding at a $20 billion valuation for its space station projects. The company, led by Jed McCaleb, plans to launch its first prototype, Haven-1, in 2026. Balerion Space Ventures is expected to lead the round, though terms remain under discussion. McCaleb, co-founder of Ripple and Stellar, has personally backed the startup and is prepared to invest up to $1 billion. What is notable is the scale of the funding target, reflecting the ambitious timeline for replacing the International Space Station with Haven-2 by 2028.
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