Vast Cuts Jobs Amid Ambitious Space Station Plans

Vast, a space station startup, recently eliminated 46 positions, representing about 4% of its staff. This workforce reduction follows a significant $500 million funding round secured by the company. Vast attributes the layoffs to performance during its mid-year review cycle, stating it continues to grow and fill open roles.

Founded in 2021 by crypto billionaire Jed McCaleb, Vast is actively pursuing the development of commercial space stations. The company is preparing to launch its first station, Haven-1, in 2027 aboard a SpaceX rocket. Ultimately, Vast aims to create Haven-2, a modular station designed for up to 12 occupants, intended to succeed the International Space Station.

This move comes amid intense competition in the commercial space sector as companies vie to build next-generation orbital platforms before the ISS is retired, projected for 2030. Vast's ambitious plans also include developing stations with artificial gravity and expanding into satellite manufacturing, alongside supporting European astronaut missions.