Jed McCaleb Founded A Company To Build A Space Station

Jed McCaleb, the founder of Stellar Lumens (XLM), has launched Vast, a new firm that aspires to develop space stations with artificial gravity.

The famous cryptocurrency billionaire announced the launch of his new company “Vast” on September 12, which aims to expand human habitation in space with the mission to create a future where humanity can live in the solar system through the development of the world’s first artificial gravity space station.

In 2000, Jed McCaleb created eDonkey2000, one of the largest file-sharing networks at the time. In 2007, he went on to start another video game development company called The Far Wilds.

His first big break was the birth of the Bitcoin exchange Mt. Gox in 2011 and became the co-founder of Ripple Labs. After leaving Ripple in 2013, Jed McCaleb founded the Stellar Lumens (XLM) platform.

McCaleb hopes to use his expertise to allow humanity to access the incredible amount of resources in the universe. He claims to be assembling a world-class team of engineers with the support of many seasoned industry experts to create technology previously only seen in science fiction.

“We’re at the beginning of this explosion of activity in orbit and in space generally. A lot of that will require people in the loop to bring down the prices for things we really can’t do remotely or robotically at this point. There will be demand for multiple stations. We will be one of the first, if not the first,” McCaleb said.

Vast is mainly in recruiting mode right now, scooping up former employees of companies like SpaceX and Blue Origin. One key adviser is Hans Koenigsmann, formerly the top engineer at Musk’s firm.

However, it is not clear where Vast’s funding for this space station project came from but could come from a part of Jed McCaleb’s net worth (at least $2.5 billion) as of 2022.

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