Vast Space Announces $500 Million in New Funding to Accelerate Production of Haven Space Stations

(Long Beach, California) Next-gen space station developer Vast announced today that it has raised $500 million in new funding – in a round led by Balerion Space Ventures – to advance its mission of enabling humanity to live and work in space long-term, specifically with respect to developing low-Earth orbit space stations, future habitats for the Moon and Mars, and crewed systems systems intended to expand the commercial space economy.

Rendering from Vast’s Haven-1 demo courtesy of Vast.

The latest Series A financing includes $300 million in Series A equity and $200 million in debt. To date, more than $1 billion has been invested in Vast’s space station technologies and facilities, according to the company.

Additional participants in the financing round include IQT, Qatar Investment Authority, Mitsui & Co, Nikon Corporation, Stellar Ventures, [Space Capital]( ) and Earthrise Ventures. As part of the transaction, Balerion Advisor A.C. Charania, former Chief Technologist for NASA, will join the Vast board, according to today’s press release from Vast.

“This investment underscores the market’s strong conviction in both our strategy and our engineering,” said Max Haot, CEO of Vast. “The low-Earth orbit economy is at a pivotal inflection point, poised for rapid growth. Vast’s Haven stations are engineered to deliver safe, cost-effective access to microgravity research and in-space manufacturing, empowering government and commercial partners to unlock the full commercial promise of this next era for space.”

Vast, which was founded in 2021, recently flew, operating and deorbited its Haven Demo, an in-orbit testbed for Haven-1 technologies intended to prove out space station technologies. The Haven Demo achieved mission success after deploying from the Bandwagon-4 rideshare mission on November 2, 2025, according to the company.

Vast’s proposed successor to the International Space Station (ISS), Haven-2, is designed to ensure continuous human presence in low-Earth orbit for the U.S. and its allies, according to the company.

According to Vast, its major upcoming milestones, in addition to supporting continuing crew operations in space by 2030, include:

• The launch of Haven-1 in 2027
• Conducting the private astronaut mission Vast recently won with NASA
• Securing the Commercial Low Earth Orbit Destinations Phase 2 bid to build its proposed successor to the International Space Station (ISS)