Vast is in talks for $300 million financing

According to Forbes, informed sources revealed that the startup Vast, dedicated to building the world's first commercial space station, is negotiating a round of $300 million in financing, which values the company at $2 billion.

The source stated that this round of financing will be led by Balerion Space Ventures and noted that negotiations are still ongoing, and the figures may change. So far, the company has primarily been funded by Jed McCaleb. McCaleb is the founder of the crypto companies Ripple and Stellar, from which he earned billions of dollars. He has expressed a 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 will begin sending components for its next space station "Haven - 2" in 2028, which is intended to replace NASA's International Space Station.

Earlier this March, Ripple co-founder Jed McCaleb shared his space station company's Vast multi-billion dollar space station plans.