The encryption flooding is declining to one billion dollars on the private space station

Encrypted Find up He spends one billion dollars of his own money to build a satellite station. Participant founder of Ripple, worth about $ 3.2 billion from Xrp Holdings, now runs a large area, a space company that started in 2021.

The space station was launched for the year 2026

According to recent reports, Spacious She completed the designs for its first station called Haven-1. The station will be launched in May 2026 using the Rockets Falcon 9 Spacex. McCaleb focuses on the creation of artificially attractive space stations, a feature that has been mostly seen in science fiction clicks so far.

Gaid says he is ready to lose a large part of his wealth in an ambition to build the first commercial station in the world https://t.co/hmooi8qbja

Crypto Bloomberg (Crypto) March 20, 2025

“It is extremely important for humans to move from where we are today in this potential society where there are many individuals who live outside the ground,” said Bloomberg’s demands in an interview.

Curricula are transmitted to the universe

The cryptocurrency expert changed a dramatic professional. His company aims to fill the remaining gap when the International Space Station (ISS) is turned off in 2030. The Haven-1 will support human residence in the long term, scientific research, and the doors may open for space tourism.

Today, the final design of Haven-1, the world’s first commercial station, which defines a new standard. The optical designer Peter Russell Clark and the astronaut Andrew Fostel are guided, we pay the limits of life in space with the first human design led by … pic.twitter.com/xddmznfnuff

@Vast (@vast) October 10, 2024

Based on the available information, MCCALEB personally funds this huge project rather than searching for external investors. This approach gives it more control over the direction of the company and the schedule.

Private companies are competing for space dominance

The vast area joins other private space companies such as SpacexBlue origin, intuitive space, and Voyageer space. All of these companies are trying to get a ground in the growing space economy, as government agencies are increasingly operating with private companies.

XRP market cap currently at $140 billion. Chart: TradingView.com

Chris Larsen, a co -founder of McCaleb, expressed his support for the project on the social media platform x:

“This is a big and bold vision by Jed McCaleb. America used to follow new borders like this before slipping into bureaucracy and suspicion. I am rooted for the success of Vast.”

Vast headquarters in Long Beach, CA. Image Credit: Bloomberg Businessweek

NASA’s contract can enhance the position of Fez

Reports indicate that a large area competing for a NASA contract can make it a leader in the space industry. If it succeeds, the company plans to expand until after Haven-1 to create larger standard stations in the future.

One of the biggest challenges to the long -term human presence in space. The company’s success may record the gap between science fiction and reality, which opens new possibilities for human settlement outside the earth.

The transition from cryptocurrency to space exploration shows how the technology wealth funds new borders. McCaleb is billions of dollars in the McCaleb bet, one of the largest personal investments in the development of commercial spaces.

Distinctive image from Gemini Imagen, the tradingvief chart