Haven-2 (VAST Space Station)

Vast CEO Max Haot joins CNBC's Morgan Brennan to discuss the commercial space station developer's first significant investment round, the future of human inhabitation in space, how his company differs from competitors, and more.

Jed McCaleb made billions of dollars on cryptocurrency. Now he’s prepared to lose a big chunk of that on a cosmic gamble. One of the original people behind the failed Mt. Gox Bitcoin exchange as well as the cryptocurrency XRP, he’s the sole financial backer of an ambitious effort to build the world’s first commercial space station and send it into orbit. If he succeeds, his startup, Vast Space, may be well-positioned to win a lucrative contract from NASA next year—potentially worth billions of dollars—to replace the International Space Station. If it’s a bust, McCaleb could lose half of his fortune. Get the Business of Space newsletter for inside stories of investments beyond Earth, from satellite networks to moon landings. 00:00 Introduction 00:45 Vast’s Mission 01:12 The ISS’s Decomission 01:45 Vast’s Founder 05:00 Vast’s Race to Catch Up 05:47 That Machine Shop / Building a Space Station 09:04 The Speed of Private Industry 09:54 The NASA Contract 10:41 Vast’s SpaceX Contracts 12:04 Haven - 1 Qualification Primary Structure 12:36 An Uncertain Future -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.

Today at IAC 2024, Vast introduced Haven-2, our proposed successor to the International Space Station (ISS). The first module will be fully operational by 2028, ensuring an overlap of operational space stations before the ISS retires in 2030. This near-term timeline is made possible by leveraging Vast's significant private investment in the design, build, launch, and operation of Haven-1. When completed in 2032, Haven-2 is designed to surpass the ISS in volume, research facilities, and cost efficiency.

Ever wonder what it takes to build a space station? Take a tour at our Long Beach facility. Six months ago, this was a mostly empty building. Now we are designing, manufacturing, assembling and testing the world’s first commercial station. All under one roof.