Space station company Vast's acquisition of startup Launcher will give it access to a space tug to build a permanently habitable space station in low Earth orbit.
An exciting new space company just got a major boost as Vast, whose mission is to build space stations in low Earth orbit that produce artificial gravity via centrifugal force, acquired Launcher, makers of an innovative 'space tug' utility spacecraft.
"Our Launcher team jumped at the chance to join [Vast CEO Jed McCaleb's] vision of moving beyond Earth and advancing humanity’s exploration of space," Haot said. For Vast, founded in 2021 by Mt. Gox crypto exchange co-creator Jed McCaleb, the acquisition is a major move. Currently, Vast is entirely funded by McCaleb. but with the Orbiter payload tug developed by Launcher, McCaleb hopes to see Vast generate a revenue stream independent of his own financing.. Haot said that Launcher had already signed several customers before the acquisition, with other deals in discussion prior to the acquisition that will presumably be taken on by Vast.
"So Vast, Jed and us are actually extremely proud of what was achieved," Haot added. "We have two more flights this year. […] If you think about it, the odds that this is a stable platform by the end of the year are very high.”
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Amazon gets a green light to launch 3,000-satellite Kuiper constellationAndrew is a freelance space journalist with a focus on reporting on China's rapidly growing space sector. He began writing for Space.com in 2019 and writes for SpaceNews, IEEE Spectrum, National Geographic, Sky & Telescope, New Scientist and others. Andrew first caught the space bug when, as a youngster, he saw Voyager images of other worlds in our solar system for the first time. Away from space, Andrew enjoys trail running in the forests of Finland. You can follow him on Twitter AJ_FI.
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