Big Take
Another Space-Obsessed Billionaire Has Entered the Chat
Mar 20, 2025
Bloomberg reporters Kiel Porter and Loren Grush dive into the latest buzz surrounding the commercial space industry. They discuss how a former crypto mogul is banking on a billion-dollar project to create the next international space station as NASA plans its decommissioning. The duo shares insights from their visit to Vast's headquarters and highlights the fierce competition and innovative strategies emerging in the race to redefine space exploration. The conversation reveals the shifting dynamics from government-led efforts to private ventures shaping the final frontier.
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Quick takeaways
- NASA's plan to decommission the ISS by 2030 has sparked competition among private companies, with Vast pushing for an ambitious launch by 2026.
- Jed McCaleb, leveraging his crypto fortune, aims to create Haven One, a commercial space station, highlighting the investment surge in the space sector.
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