Cryptocurrency Billionaire's Space Startup In Talks For $2 Billion Valuation [Forbes]
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Source: Forbes
Vast, a startup trying to build the world's first commercial space station, is in talks to raise a $300 million funding round valuing the company at $2 billion, a person familiar with the matter told Forbes. Balerion Space Ventures will lead the round, the person said, noting talks are ongoing and the numbers could change. GO TO PAGE Thus far, the Long Beach-headquartered company of about 1,000 employees has primarily been self-funded by Jed McCaleb , who made billions as the founder of cryptocurrency companies Ripple and Stellar. He has said he is willing to spend up to $1 billion of his own fortune. In October, Vast said that In-Q-Tel, the venture capital arm of the Central Intelligence Agency, had invested an undisclosed amount and become a board observer. Vast declined to comment. Balerion Space Ventures didn't immediately respond to a request for comment. Vast plans to launch its first prototype space station, Haven-1 , in 2026. Vast will start sending parts of its next
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