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Ripple, Mt. Gox Founder Bets $1 Billion That He Can Replace the International Space Station

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What do you do after amassing a fortune from cryptocurrency? Build a space station, of course.

That’s exactly what Ripple co-founder Jed McCaleb is doing, according to a report by Bloomberg.

While crypto investors say they’re “going to the moon” when Bitcoin surges, McCaleb, a longtime industry pioneer, is aiming for the real thing.

“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 told Bloomberg. “There’s not that many folks that are willing to dedicate the amount of resources and time and risk tolerance that I am.”

McCaleb’s $1 billion bet, entirely self-funded, is that Vast Space—the California-based aerospace company he founded in 2021—can build and launch a functioning station. The goal is to become a candidate to replace the International Space Station, which is scheduled for decommissioning in 2030.

McCaleb, who co-founded the cryptocurrency exchange Mt. Gox in 2010, Ripple in 2011, and then Stellar in 2014, is now investing his estimated $3.2 billion fortune—largely from XRP sales—into Vast Space.

“This is a big, bold vision by Jed McCaleb,” Ripple co-founder and Executive Chairman Chris Larsen wrote on X. “America used to pursue new frontiers like this before skidding into bureaucracy and doubt. I’m rooting for Vast’s success.”

Vast develops artificial gravity space stations. Many of its employees bring aerospace experience, including refugees from Elon Musk’s SpaceX. These orbital habitats are designed to simulate gravity by rotating to create centrifugal force while offering the comforts of home.

The company recently revealed the final design for Haven-1, its first station module. To put Haven-1 into orbit, Vast is partnering with SpaceX, which will use its Falcon9 rockets to carry Vast’s Haven-1 modules into space. According to the Vast website, the first launch of Haven-1 is scheduled for May 2026 for a two-week mission above the Earth.

Haven-1/Image Vast Space

The concept of artificial gravity stations has long been a staple in science fiction, ranging from Stanley Kubrick’s 1968 sci-fi classic film “2001: A Space Odyssey” to Christopher Nolan’s 2014 film “Interstellar.”

While Haven-1 is a single module designed to operate independently or dock with SpaceX boosters, the next-generation Haven-2 is being developed as a modular system. Several Haven-2 units could be connected to form a larger, expandable station.

Image: Haven-2/Vast Space

Public-sector space agencies, including NASA and the European Space Agency, are increasingly turning to private-sector companies to get the astronauts and the resources they need into space and back. McCaleb is among a growing number of private citizens stepping up to meet that need, including Musk, Richard Branson, and Jeff Bezos.

They represent a growing roster of private companies and national space agencies—including Axiom Space, Blue Origin, Voyager Space, Airbus, and China’s CNSA—that are racing to build the next generation of space stations tailored for research, manufacturing, tourism, and long-term habitation.

A successful launch in May will strengthen Vast’s place in the emerging private space race, and securing a NASA contract would be essential for the company’s long-term viability.

Edited by Andrew Hayward

Generally Intelligent Newsletter

A weekly AI journey narrated by Gen, a generative AI model.





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Asteroid’s Earth Impact Odds Plummet, Scientists Now Playing the Long Wait Game

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You can breathe now, the Earth isn’t going to end by an asteroid hit—yet.

Astronomers monitoring a potentially catastrophic asteroid have seen its odds of hitting Earth drop dramatically, as new observations refined its predicted trajectory.

The impact probability of asteroid 2024 YR4 has fallen from 2.8% to just 0.16%, according to the latest data from the European Space Agency’s Near-Earth Object Coordination Centre. This significant reduction comes after refined orbital calculations based on recent observations narrowed the “uncertainty window” of its path.

Despite the lower odds, scientists can’t completely rule out a collision. The asteroid, estimated to be between 130–300 feet wide (40–90 meters), could potentially hit Earth on Dec. 22, 2032. An impact from an object this size—comparable to the one that caused the 1908 Tunguska event—could devastate a city if it struck a populated area, releasing energy equivalent to 7.7 megatons of TNT.

“If the asteroid entered the atmosphere over a populated region, an airburst of an object on the smaller side of the size range, about 130-200 feet (40-60 meters) could shatter windows or cause minor structural damage across a city,” NASA explained in a FAQ page. “An asteroid about 300 feet (90 meters) in size, which is much less likely, could cause more severe damage, potentially collapsing residential structures across a city and shattering windows across larger regions.”

Others, like former ISS crew member Chris Hadfield, describe the event using more dramatic language.

“Think of the destruction we wrought on each other in Hiroshima and Nagasaki—this is 500 times more powerful than that,” he told British digital radio station LBC News.

The space rock was first spotted on Christmas Day 2024 by the Asteroid Terrestrial-impact Last Alert System or ATLAS in Chile, just two days after it passed Earth at a distance of 828,800 kilometers—or 0.0055400 astronomical units, if you want to get technical.

Impact probability has shifted

The asteroid’s impact probability has fluctuated wildly since its discovery. In early January 2025, NASA reported a probability above 1%. By mid-February, this figure peaked at 3.1%—the highest ever recorded for an object of this size—before dropping to the current estimate.

Ground-based telescopes will continue tracking 2024 YR4 until early April 2025, when NASA argues it will become too faint to detect. The James Webb Space Telescope is scheduled to observe the asteroid in March 2025 to better assess its size and further refine orbit calculations.

After April, astronomers face a lengthy observation gap. The asteroid won’t be visible again until 2028, meaning no updates to the impact probability will be possible for three years. This leaves the current 0.16% probability as the standing estimate until then.

While the current 0.16% probability is relatively low, it remains non-zero and significantly higher than many everyday risks. For comparison, the probability of solo mining a Bitcoin block is 0.098%—and it has happened, several times.

NASA and ESA have been releasing different probability estimates during their observations. NASA reported a drop from 3.1% to 1.5% on Feb. 19, while ESA cited the current 0.16% figure based on data as of Feb. 21.

These differences are likely due to variations in observational data, calculation methods, or timing of updates between the agencies among other factors.

The International Asteroid Warning Network and Space Mission Planning Advisory Group are considering next steps, given that the probability was above 1% earlier in February. These UN-endorsed organizations coordinate global efforts to detect and respond to potential asteroid threats.

Edited by James Rubin

Generally Intelligent Newsletter

A weekly AI journey narrated by Gen, a generative AI model.





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