Jed McCaleb Channels XRP Profits into Vast Space, Aims to Launch First Commercial Space Station

His new venture, Vast Space, aims to launch Haven-1, the first commercial space station, by 2026. McCaleb, who accumulated billions through the sale of XRP, is expected to be the primary financial backer for the ambitious project.

Jed McCaleb, the co-founder of cryptocurrency exchange CCF and previous contributor to Mt. Gox and Ripple, is now shifting his attention to a new venture: launching the first commercial space station.

McCaleb, who is known for his significant wealth accumulation from the sale of XRP tokens, is expected to be the primary financial backer for this ambitious project.

Announced on X (formerly Twitter), Vast Space, a company developing the first commercial space station to be launched in 2026, unveiled the final design of Haven-1. The station is designed as a functional space for government astronauts and private missions.

Its purpose is to carry out serious, scientific, and technological objectives in a comfortable and efficient manner, with a focus on work efficiency, team collaboration, safety, and robust communication systems.

This integration will be crucial for the success of the station's missions and the astronauts' well-being.

The road to launching the first commercial space station has been anything but easy. In March 2023, CCF was planning to launch a token to fund the space station, but those plans were later dropped.

Despite the reports of CCF facing difficulties and potentially being forced to close, CCF’s CEO, Eric Chen, stated in April that the exchange was still operating and had no intention of shutting down.

Recently, World Liberty Financial disclosed an investment of $3 million in Mantle tokens, a Layer-1 blockchain, and revealed plans to fund a commercial space station in collaboration with Vast Space. This initiative aims to facilitate the deployment of Web3 technologies within the station.