The cryptocurrency mogul of Jed McCaleb spends $ 1 billion in his own money for the construction of a space station. The Ripple co-founder worth the value of XRP Holdings worth around 3.2 billion US dollars now leads a huge space, an aerospace company that he started in 2021.
Space Station Start Set for 2026
According to the latest reports, large space has completed designs for his first station called Haven-1. The station will be launched in May 2026 with the Falcon 9 rockets from SpaceX. McCaleb’s company focuses on creating space stations with artificial gravity, a feature that has so far been seen in science fiction flicks.
Jed McCaleb says he is ready to lose a large part of his assets in an ambitious search for the world’s first commercial station https://t.co/hmooi8qbja
– Bloomberg Crypto (@Crypto) March 20, 2025
“It is very important that the person from where we switch to this potential society today, in which there are many people outside of earth,” McCaleb told Bloomberg in an interview.
McCaleb shifts from crypto to cosmos
The cryptocurrency expert has made a dramatic change of career. His company aims to close the gap when the International Space Station (ISS) will be extraordinary in 2030. Haven-1 will support long-term human stays, scientific research and may open doors to space tourism.
Today the final design for Haven-1, the world’s first commercial area station, has introduced itself and set a new standard. Headed by the visionary designer Peter Russell-Clarke and the astronaut Andrew Feuchel, we cross the limits of life in space with a human first design, led by … pic.twitter.com/xddmznfnuf
– huge (@vast) October 10, 2024
Based on the available information, McCaleb finances this massive project personally instead of looking for external investors. This approach gives him more control over the direction and timeline of the company.
Private companies compete for space dominance
Large space connects other private space companies such as SpaceX, Blue Origin, Axiom Space and Voyager Space. All of these companies try to get to the bottom of the growing space economy, since government agencies are increasingly working with private companies.
XRP market cap currently at $140 billion. Chart: TradingView.com
McCalebs co-founder of Ripple, Chris Larsen, expressed support for the company on the social media platform X:
“This is a large, brave vision of Jed McCaleb. America used to have new borders before hurling into bureaucracy and doubts.
Vast headquarters in Long Beach, CA. Image Credit: Bloomberg Businessweek
The NASA contract could increase the position of Vast
Reports indicate that a large room is fighting a NASA contract that could make it a leading company in the space industry. If successful, the company plans to expand beyond Haven-1 in order to create larger modular stations in the future.
The work of the huge space for artificial gravity could solve one of the greatest challenges for long -term human presence in space. The company’s success could bridge the gap between science fiction and reality and open new opportunities for the human settlement beyond the earth.
The change of cryptocurrency to space research shows how technical assets are financing new limits. McCalebs billions of dollars is one of the largest personal investments in the development of commercial space.
Selected picture of Gemini Imageen, Diagram from Tradingview
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