The post Ripple, Mt. Gox Founder Bets $1 Billion That He Can Replace the International Space Station appeared on BitcoinEthereumNews.com.

What do you do after amassing a fortune from cryptocurrency? Build a space station, of course. That’s exactly what Ripple co-founder Jed McCaleb is doing, according to a report by Bloomberg. While crypto investors say they’re “going to the moon” when Bitcoin surges, McCaleb, a longtime industry pioneer, is aiming for the real thing. “It’s super important that people take this leap from where we are today to this potential world where there’s a lot of people living off the Earth,” McCaleb told Bloomberg. “There’s not that many folks that are willing to dedicate the amount of resources and time and risk tolerance that I am.” McCaleb’s $1 billion bet, entirely self-funded, is that Vast Space—the California-based aerospace company he founded in 2021—can build and launch a functioning station. The goal is to become a candidate to replace the International Space Station, which is scheduled for decommissioning in 2030. McCaleb, who co-founded the cryptocurrency exchange Mt. Gox in 2010, Ripple in 2011, and then Stellar in 2014, is now investing his estimated $3.2 billion fortune—largely from XRP sales—into Vast Space. “This is a big, bold vision by Jed McCaleb,” Ripple co-founder and Executive Chairman Chris Larsen wrote on X. “America used to pursue new frontiers like this before skidding into bureaucracy and doubt. I’m rooting for Vast’s success.” Vast develops artificial gravity space stations. Many of its employees bring aerospace experience, including refugees from Elon Musk’s SpaceX. These orbital habitats are designed to simulate gravity by rotating to create centrifugal force while offering the comforts of home. The company recently revealed the final design for Haven-1, its first station module. To put Haven-1 into orbit, Vast is partnering with SpaceX, which will use its Falcon9 rockets to carry Vast’s Haven-1 modules into space. According to the Vast website, the first…

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Filed under: News - @ March 24, 2025 4:20 pm