Jed McCaleb’s Bold Space Ambition: A $1B Gamble
Serial entrepreneur Jed McCaleb, who co-founded Mt. Gox and Ripple, is betting big with his new company, Vast. By May 2026, Vast aims to launch a commercial space station using SpaceX tech. The stakes are high—if successful, McCaleb could secure a NASA contract to replace the International Space Station. But failure could cost him $1 billion. Vast is up against top players like Axiom Space and Blue Origin.