According to reports from Bloomberg, cryptocurrency billionaire Jed McCaleb is betting $1 billion on his space startup Vast Space, which plans to build the world's first commercial space station and launch it into orbit. If all goes well, Vast Space is expected to win a multi-billion dollar contract from NASA next year to replace the International Space Station, which will be decommissioned in 2030. McCaleb, who previously founded Mt. Gox, Ripple, and Stellar, is currently investing approximately $3.20 billion in funds primarily from the sale of XRP into Vast Space.

According to Wu, as reported by Bloomberg, cryptocurrency billionaire Jed McCaleb is betting $1 billion on his space startup Vast Space, which aims to build the world's first commercial space station and launch it into orbit. If all goes well, Vast Space is expected to win a multi-billion dollar contract with NASA next year to replace the International Space Station, which will be decommissioned in 2030. McCaleb has previously founded Mt. Gox, Ripple, and Stellar, and is currently investing approximately $3.20 billion in funding primarily from the sale of XRP into Vast Space.

Cryptocurrency billionaire Jed McCaleb invests 1 billion dollars to build the world's first commercial space station, competing for a major contract with NASA.