The serial entrepreneur who founded the Mt. Gox crypto exchange and co-founded Ripple has shared new details about his ambitious space station company Vast, which he hopes will help expand the human race into a multi-planetary species.
In a March 20 interview with Bloomberg, Jed McCaleb confirmed that Vast is on track to launch Haven-1 — a commercial space station still under construction — into orbit by May 2026.
If McCaleb’s startup succeeds, it will be better positioned to win a lucrative contract from the US National Aeronautics and Space Administration to replace the International Space Station. Contracts are expected to be handed out in mid-2026.
If Vast fails or loses the NASA contract to a competitor, McCaleb could see $1 billion wiped from his net worth and the commercial future of his space station firm would be in doubt, according to the report. 
“There are not that many folks who are willing to dedicate the amount of resources and time and risk tolerance that I

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