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Jed McCaleb, the founder of Mt. Gox and Ripple, is investing $1 billion into his aerospace startup, Vast Space, which aims to construct the world's first commercial space station. McCaleb's investment is part of a larger commitment of approximately $3.2 billion from his cryptocurrency fortune. The success of Vast Space could lead to a lucrative contract with NASA to replace the International Space Station (ISS). However, if the venture fails, McCaleb risks losing $1 billion. His ambitious project highlights the intersection of cryptocurrency wealth and aerospace innovation.
One Man's Crypto Windfall Is Funding a $1B Space Station Dream https://t.co/TezQjL6CBP
Startups can now customize satellite designs online like ordering shoes. Sounds futuristic, right? They raised $80M and it might not be enough. Meanwhile, others raise millions and have little to show. The funding scene is full of surprises. .
A billionaire is risking half of his cryptocurrency fortune to build the first commercial space station. Success could win his startup, Vast Space, a lucrative NASA contract to replace the ISS. Failure could cost him $1 billion https://t.co/Uq6O2ZdCrR https://t.co/VhYYeTZgSn