Vast Secures $500 Million To Develop Commercial Space Station Program With Balerion Space Ventures

Vast has raised $500 million to advance the development of its commercial space station program, closing a $300 million Series A equity round alongside $200 million in debt financing.

Summary of transaction details:

• Deal Type: Series A
• Transaction Amount: $500,000,000
• Headquarters: Long Beach, California
• Notable Investors: Balerion Space Ventures, In-Q-Tel, Qatar Investment Authority, Mitsui & Co., MUFG, Nikon, Stellar Ventures, Space Capital, Earthrise Ventures

Founded by Jed McCaleb, the company plans to use the funding to develop its Haven space stations, including the Haven-1 module scheduled for launch in 2027, eventually leading to the larger Haven-2 station aimed at supporting NASA’s commercial low Earth orbit program.