Jed McCaleb Invests in Vast Space for Commercial Space Station
Jed McCaleb, co-founder of Ripple and Stellar, is investing in space exploration through his startup Vast Space. The company aims to launch Haven-1, the first commercial space station, by 2026. Key points include:
- McCaleb plans to provide significant financial backing for the project.
- The station will focus on work efficiency and support government astronauts and private missions.
- Vast Space could potentially replace the International Space Station and compete for NASA contracts.
- McCaleb risks up to $1 billion if the venture fails, emphasizing the importance of supporting human life beyond Earth.
- His past XRP sales, amounting to around $3.3 billion, faced criticism from some in the XRP community.
- McCaleb stated he was transparent about leaving Ripple before selling his tokens.
- Ripple co-founder Chris Larsen supports the initiative, viewing it as an example of innovation.
If successful, Vast Space may demonstrate how crypto wealth can advance scientific and technological endeavors in space exploration.