Ripple Co-Founder Jed McCaleb Partners with SpaceX for Haven-1 Space Station

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 the Co-founder of Tesla, an investor and entrepreneur. He was born on the 28th of June,1971, and is based in Pretoria, South Africa. He graduated from the University of Pennsylvania, earning a bachelor’s degree in Arts and physics, and the Wharton School, earning a bachelor’s degree in science, and economics. In 2003 Musk founded Tesla, an electric vehicle and clean energy company. Elon Musk is a crypto enthusiast, he has a complex relationship with cryptocurrency. He purchased $1.5 billion in the cryptocurrency. Musk was honored with Axel Springer Award, an award given to innovative people, who build new markets, change markets, and contribute to society. He was also listed on Forbes Billionaire with a total net worth of $2 Billion. [email protected] 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.