Bloomberg Originals
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Meet The Man Betting His Fortune On a Private Space Station
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April 1, 2025
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13:31Now PlayingJed McCaleb made billions of dollars on cryptocurrency. Now he’s prepared to lose a big chunk of that on a cosmic gamble. One of the original people behind the failed Mt. Gox Bitcoin exchange as well as the cryptocurrency XRP, he’s the sole financial backer of an ambitious effort to build the world’s first commercial space station and send it into orbit.
If he succeeds, his startup, Vast Space, may be well-positioned to win a lucrative contract from NASA next year—potentially worth billions of dollars—to replace the International Space Station. If it’s a bust, McCaleb could lose half of his fortune.
Get the Business of Space newsletter for inside stories of investments beyond Earth, from satellite networks to moon landings.
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