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Vast will use the new funding to expand facilities, hire workers, and progress Haven-2.
Vast signed an agreement with NASA to hold a private astronaut mission on the International Space Station in the current month.
Vast hopes to launch Haven-1 in 2027.
Vast’s total funding now exceeds $1 billion.
Vast’s Series A financing round was led by Balerion Space Ventures and included IQT, the Qatar Investment Authority, Mitsui, MUFG, Nikon, Stellar Ventures, Space Capital, Earthrise Ventures, and company founder Jed McCaleb.
Vast successfully launched Haven Demo, a pathfinder for Haven-1, into orbit last November.
Vast develops Haven-1, a low-Earth orbit commercial space station.
Vast secured $300 million in Series A equity financing and $200 million in debt financing.
Canada’s geography—being vast and sparsely populated with an increasingly strategic Arctic—makes space dependence especially consequential.
A.C. Charania, a Balerion adviser and former senior NASA official, will join Vast’s board.
Carbon that reaches and is buried in sediments can remain locked away for millions of years and accumulate into vast geological stores.
Vast committed more than $1 billion to the Haven-1 program before a single commercial crew seat had been sold.
Vast delivered a proof-tested primary structure for Haven-1 in roughly 15 months after selecting aluminum.
Vast claims the primary structure manufacturing approach for Haven-1 represents a tenfold reduction in manufacturing costs compared to traditional space station programs.
Vast selected aluminum over stainless steel after parallel design studies in November 2023 and completed a trade study by March 2024.
SpaceX’s Falcon 9 will launch the Vast private astronaut crew on a Dragon spacecraft to the International Space Station.
Vast Space has a current agreement with CASIS that will enable increased throughput of high-quality science aligned with Vast’s science strategy.
Vast Space is planning a science and research portfolio for the mission focused on biology and biotechnology, physical sciences, human research, and technology demonstrations.
NASA selected Vast Space to fly the sixth private astronaut mission to the International Space Station.
The Vast private astronaut mission will support deeper collaboration between Vast Space, NASA, and international space agencies.