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Sohrab Khawas
Sohrab Khawas
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Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Mar 21, 2025 07:10 UTC
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Crypto Billionaire Jed McCaleb to Replace ISS with Haven-1 Space Station – Here’s How
Jed McCaleb, a crypto billionaire, is funding Vast, a private space station venture aiming to launch Haven-1 by 2026.
Haven-1, launching with SpaceX, will be a short-stay commercial space station.
This project has a make-or-break period in the next two years.
Jed McCaleb, the founder of Mt. Gox and co-creator of Ripple, has made billions in crypto. But making money was never his end goal – he’s always been drawn to bold, high-risk ideas. Now, he’s taking his biggest gamble yet: building a private space station. His company, Vast, is developing Haven-1, a commercial space habitat set to launch by May 2026.
If he pulls it off, he could land a multi-billion-dollar deal with NASA and help replace the aging International Space Station (ISS). But if things go wrong, he stands to lose $1 billion – and perhaps the dream of seeing his vision take flight.
Haven-1: The First Step
Vast is developing Haven-1, a 33-foot-long space station that will launch with SpaceX in 2026. It will accommodate four people and offer basic amenities, but unlike the ISS, it won’t recycle water or air, making it suitable only for short stays.
NASA plans to retire the ISS by 2030, and Vast hopes to be ready with an alternative. If Haven-1 proves successful, the company aims to launch Haven-2 by 2028, bringing a larger space station with advanced life-support systems.
A Risk-Taker Willing to Go All In
McCaleb has always been known for taking big risks. His longtime friend and former business partner, Sam Yagan, describes him as “slightly eccentric” because of his willingness to take on massive challenges. His vision aligns with that of elon musk 
elon musk Elon Musk is a well-known entrepreneur and inventor, widely recognized for his role in founding or leading several major companies, including Tesla, SpaceX, Neuralink, and The Boring Company. He’s also known for his ambitious goals around space exploration, electric vehicles, and the future of humanity. Musk is often a polarizing figure, admired for his innovation and vision, while also drawing criticism for his management style and controversial statements. The U.S. became the primary base for Musk’s career, and the tech scene in California played a significant role in shaping his professional trajectory.
Personal Info:Organization: Ledger.Location: United States.Graduation: Musk earned two bachelor’s degrees, one from the College of Arts and Sciences in Physics and another from the Wharton School of Business. In Economics
Experience: Zip2 Corporation, Co-founder
X.com and PayPal Co-Founder & CEO
SpaceX CDEO & Chief Engineer
Tesla. Inc. CEO, Product Architect
Neuralink co-founder, CEO
The Boring Company Founder, CEO NAsales@teslamotors.com EntrepreneurInvestorChief Executive Officer 
, as both believe in expanding human life beyond Earth.
“There are not that many folks who are willing to dedicate the amount of resources and time and risk tolerance that I am,” McCaleb told Bloomberg.
Vast has already secured multiple SpaceX launches for Haven-1 and future space modules. SpaceX will also provide critical parts like the docking adapter and Wi-Fi system.
McCaleb made his fortune in crypto. He launched Mt. Gox in 2010, which later collapsed in 2014. He then co-founded Ripple and owned 9% of XRP, gradually selling his stake over the years for about $3.2 billion. Despite his wealth, he has mostly stayed out of the spotlight, quietly pursuing ambitious projects.
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Competing for NASA’s Trust
Vast is up against major players like Blue Origin and Axiom Space. Unlike its competitors, however, it is entirely self-funded, giving it a unique advantage. Winning NASA’s contract in 2026 is crucial—without it, the company’s future remains uncertain.
Both McCaleb and Vast’s CEO, Max Haot, have even expressed interest in traveling to space themselves, showing their commitment to the project.
The next two years will decide whether McCaleb’s space gamble pays off or becomes another ambitious idea that didn’t take off. Either way, his track record proves he’s willing to take massive risks in the pursuit of something bigger.
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