Space startup partners with SpaceX to launch commercial space station

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Space startup partners with SpaceX to launch commercial space station
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Vast, a startup backed by cryptocurrency billionaire Jed McCaleb, is aiming to launch a school bus-sized space station to orbit by late 2025 with some help from partner SpaceX, Elon Musk's rocket firm.

The cylindrical spacecraft dubbed Haven-1 is the latest platform planned as a replacement to the International Space Station, a two-decade-old orbital research laboratory run primarily by the U.S., Russia and the European Space Agency.

The agency in 2021 awarded $415 million in development funds to four companies including Northrop GrummanVast wasn't among the awardees, but hopes to receive some NASA funding by 2028, the company's president, Max Haot, told Reuters on Monday.No private company has ever built and deployed a space station. The football field-sized ISS, built over multiple launches and outfitted over its lifetime with various components, cost the participating countries more than $100 billion combined.

McCaleb, worth $2.4 billion according to Forbes, will back the spacecraft's development and has so far committed $300 million to the company. SpaceX will also train the astronauts, who will leave Earth aboard SpaceX's Crew Dragon capsule that will dock autonomously to Haven-1.

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