U.S. space company Vast said it has raised $300 million in a Series A funding round and secured an additional $200 million in debt financing to support development of its Haven commercial space station.
The financing brings the company’s total new funding to $500 million and is intended to support production of the Haven station, which Vast is developing to support research and manufacturing activities in low-Earth orbit.
The Series A round was led by Balerion Space Ventures and included participation from In-Q-Tel, Qatar Investment Authority, Mitsui & Co., Ltd., MUFG, Nikon Corporation, Stellar Ventures, Space Capital and Earthrise Ventures. The round also included investment from Vast founder Jed McCaleb.
“The low-Earth orbit economy is at a pivotal inflection point, poised for rapid growth,” said Max Haot, chief executive of Vast. “Vast’s Haven stations are engineered to deliver safe, cost-effective access to microgravity research and in-space manufacturing, empowering government and commercial partners to unlock the full commercial promise of this next era for space.”
As part of the investment, A.C. Charania, an advisor at Balerion Space Ventures and former chief technologist at NASA, will join Vast’s board of directors.
The funding follows a series of developments for the company earlier this year. In January, Vast said it would delay the launch of its first station module, Haven-1, from 2026 to the first quarter of 2027.
The company also announced in February that it had secured its first private astronaut mission to the International Space Station, as part of its efforts to build commercial spaceflight capabilities.
