California space station startup Vast cuts jobs after $500 million funding round as crypto billionaire Jed
- Posted on August 21, 2026
- By Business News Today
- 1 Views
- 1 min read
In brief
Vast, a commercial space infrastructure company backed by crypto entrepreneur Jed McCaleb, has reduced its workforce by 46 employees following a substantial $500 million Series B funding round. Despite the strategic funding injection, the layoffs represent approximately 4% of the company's total headcount. This decision comes as Vast accelerates development toward launching Haven-1, an ambitious commercial space station designed to eventually replace aging orbital infrastructure and establish a new era of private space habitation.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
California space station startup Vast cuts jobs after $500 million funding round as crypto billionaire Jed
SpaceX-linked California startup Vast has cut 46 employees, or about 4% of its workforce, months after raising $500 million. The layoffs at Vast comes at a time when crypto billionaire Jed McCalebs company races to launch Haven-1 and develop a commercial replacement for the International Space Station. Vast's long-term plans sound like something pulled from science fiction like Elon Musk's Space-X.
