Summary
Vast announced a $500 million funding round on March 5, 2026, consisting of $300 million in Series A equity and $200 million in debt. The round was led by Balerion Space Ventures with participation from the Qatar Investment Authority, IQT, Mitsui & Co., MUFG, Nikon Corporation, Stellar Ventures, Space Capital, Earthrise Ventures, and Vast founder Jed McCaleb. Total investment in Vast's space station program now exceeds $1 billion. The funds will be used to complete Haven-1 integration and environmental testing, expand facilities, and advance the Haven-2 architecture that Vast intends to propose for NASA's Commercial LEO Destinations Phase 2 contract, expected to be awarded in summer 2026.