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Jed McCaleb and Vast Space: A New Era of Commercial Space Station

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by Giorgi Kostiuk

3 days ago


Jed McCaleb, known for co-founding Ripple and Stellar, sets his sights on space by founding Vast Space. The plans include launching the first commercial space station, Haven-1, by 2026.

Vast Space and Haven-1 Plans

Vast Space, founded by Jed McCaleb, aims to create the first commercial space station Haven-1, expected to be developed and launched by 2026. According to CEO Max Haot, the station is not intended for tourism. Instead, it will focus on providing an environment for work, safety, and communication, supporting government astronauts and privately funded missions.

McCaleb's Role and XRP Community Reactions

Jed McCaleb, who made billions from selling XRP, is expected to provide significant funding for this project. Despite the risk of losing up to $1 billion, McCaleb believes in the long-term vision of human life beyond Earth. The XRP community has had mixed reactions, with some criticizing him for his token sales, claiming they harmed the project's value, though McCaleb emphasized he was transparent about leaving Ripple before the sales.

Support and Project Prospects

Despite some criticism, the Vast Space project has gained support from Chris Larsen, another Ripple co-founder. Larsen praised Vast as a sign of American innovation and expressed hope for its success, viewing such ambitious projects as essential for the country.

Vast Space, led by Jed McCaleb, represents a bold step towards the commercialization of space. Despite criticism and risks, support from key industry figures could prove vital to its success.

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