Ripple Founder Bets $1B on Space Station

Jed McCaleb Invests $1 Billion in Space Station Venture

• Jed McCaleb, co-founder of Ripple, is investing $1 billion into Vast Space, an aerospace company he founded in 2021.
• The investment aims to build a space station that could replace the International Space Station by 2030.
• Vast Space’s first module, Haven-1, is set for a May 2026 launch via SpaceX’s Falcon9 rockets.
• Haven-1 will simulate gravity through rotation and can operate independently or dock with other modules.
• The project involves former employees from companies like SpaceX and focuses on artificial gravity technology.

Jed McCaleb is channeling his estimated $3.2 billion fortune into developing a private space station through Vast Space, with its first module scheduled for launch in May 2026.