ISS’ decommissioning looms large over all these initiatives. The final major player in this space, Axiom Space, is also working with NASA to attach a module to the International Space Station, with plans to free-fly it once the ISS is decommissioned. Those three initiatives have already garnered a collective $415.6 million to develop their stations. The majority of the other space station developers - notably Northrop Grumman and separate teams led by Blue Origin and Voyager Space - are seeking to partly fund their stations via contracts with NASA. The unique aspect of the company is “Jed and his commitment, and the fact that we not only have a single founder that is our single investor, but that he has the resources and the commitment to see us through this whole flight - both the crew flight and Haven-1 launch - without any single outside investor.”
It’s something that makes Vast stand out from its competitors, Vast President Max Haot said. It’s an aggressive timeline, one that outpaces other station developers - and it’s all being funded by McCaleb himself. The public’s doubts about McCaleb are likely fading fast today, with news that the company is aiming to put the first commercial space station in orbit as soon as August 2025. “I’ve clearly never done anything in aerospace before, so it is a leap.” “I don’t fault people for being skeptical,” McCaleb said in a recent interview. The company said it was launching with a mission to build the world’s first artificial gravity space station - and provided few other details. When Vast emerged from stealth in the fall of 2022, it was greeted with more than a little skepticism. According to some estimates, his fortune is estimated to be worth around $2.5 billion. Gox Bitcoin exchange and a founder of the crypto protocol Ripple.
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The average American is likely unfamiliar with McCaleb, a software developer who was one of the creators of the now-infamous Mt. His space station company, Vast, is partnering with SpaceX to be the first private company to launch and operate a fully commercial station in orbit. The newest person to join this small cadre, at least by personal net worth, is Jed McCaleb. Some of the biggest names in the space industry are billionaires: Elon Musk.
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