QIA Joins $500M Round for US-Based Aerospace Startup Vast
The raise, led by Balerion Space Ventures, combines $300 million in Series A equity and $200 million debt to expand facilities, grow the team, and advance Haven‑2.
Qatar Investment Authority has joined a $500 million funding round for US-based aerospace company Vast, which is developing commercial space stations and artificial-gravity habitats for future space missions.
The funding round, led by Balerion Space Ventures, includes participation from investors such as IQT, Mitsui & Co., Ltd, MUFG, Nikon Corporation, Stellar Ventures, Space Capital and Earthrise Ventures.
The financing package consists of $300 million in Series A equity and $200 million in debt. The company said the capital will be used to expand its facilities and workforce while advancing development of its planned space infrastructure.
Founded in 2021 by Jed McCaleb, Vast is developing a long-term roadmap that includes commercial space stations in low-Earth orbit as well as future habitats designed for missions to the Moon and Mars.
One of the company’s main projects is Haven-2, a proposed successor to the International Space Station designed to maintain continuous human presence in low-Earth orbit for the United States and its allies.
Vast also plans to launch its Haven-1 space station in 2027 and conduct a private astronaut mission it recently secured with NASA. The company is also pursuing the Commercial Low Earth Orbit Destinations Phase 2 programme, which aims to develop the next generation of orbital space stations.
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