Crypto Tycoon Joins Forces With Elon Musk’s SpaceX To Launch First Private Space Station
Cryptocurrency billionaire Jed McCaleb is spearheading an ambitious effort to build the world’s first privately developed space station and send it into Earth’s orbit. The story—he is prepared to risk $1 billion of his fortune to fund the mission.
What happened: In an interview with Bloomberg, the co-founder of Ripple Labs (CRYPTO: XRP) and the now-defunct cryptocurrency exchange Mt. Gox said, “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’s California-based aerospace startup Vast is at the center of the mission, closely collaborating with Elon Musk’s SpaceX on the expedition to replace NASA’s International Space Station, which is scheduled to be decommissioned by 2030.
Vast is assembling the module, just big enough to fit four people, using SpaceX-developed components, …
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