Balerion discusses Vast's next funding phase – focusing on a $2 billion valuation

2026-01-12 08:15:18

The space startup Vast is reportedly in advanced negotiations for a significant funding round. The planned investment amounts to $300 million and would establish the company with a valuation of $2 billion. According to information from ChainCatcher and Forbes, this financing round is led by Balerion Space Ventures, with both parties still finalizing details.

Jed McCaleb: From Crypto Founder to Space Pioneering

Behind Vast is Jed McCaleb, a highly experienced entrepreneur from the cryptocurrency industry. McCaleb founded the major crypto platforms Ripple and Stellar, building substantial financial resources. His personal support for Vast is noteworthy: the entrepreneur has signaled his intention to invest up to $1 billion of his personal wealth into the space project. To date, Vast has been primarily financed through McCaleb’s own capital.

Ambitious Timeline: Space Stations as Business Model

Vast’s goal is ambitious and time-bound. The company plans to launch its first prototype, “Haven-1,” in 2026 — making it the first commercially operated space station. Following that, starting in 2028, the development and deployment of components for “Haven-2” are planned, which could eventually replace NASA’s space station ISS as a commercial alternative.

This funding news underscores the growing confidence in Vast’s vision to revolutionize the space industry — a plan that McCaleb publicly announced as early as March of this year.

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