Funding, M&A and exec moves matched to your market, from $49/mo billed annually, or $79/mo quarterly.See plans and pricing.See plans →
Vast secures $500 million funding round led by Jed McCaleb, despite cutting 46 jobs. The California space startup aims to build a commercial replacement for the ISS.
PRIVATEAug 21, 2026•about 5 hours ago
Amount Raised
$500 Million
Round Type
Venture - Series Unknown
Long BeachManufacturing
Investors
Jed Mc Caleb
Description
Vast, a California-based space startup, has announced 46 layoffs, representing about 4% of its workforce, despite securing $500 million in funding. Founded by crypto billionaire Jed McCaleb, the startup is focused on creating a commercial space station to replace the ISS. While the layoffs were performance-related, Vast maintains 277 open roles for further growth. The funding marks a significant commitment towards its ambitious plans in the competitive space sector.
Company Information
Company
Vast
Location
Long Beach, California, United States
About
Vast is a pioneer in space habitation technologies focused on expanding humanity across the solar system. Founded in 2021, the company is assembling a world-class team to build the world’s first low-cost, artificial gravity crewed station so people can live and work in space for long periods of time without the adverse effects of zero-gravity. http://www.vastspace.com
Don't miss Vast's next move
Get an email the moment Vast raises, hires an exec, or expands, usually minutes after it happens.
Long BeachManufacturing