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The Economic Times
The Economic Times

California space station startup Vast cuts jobs after $500 million funding round as crypto billionaire Jed McCaleb’s company races to replace ISS

Space Station California Crypto ISS SpaceX the International Space Station Business Insider NASA

California-based space station startup Vast has cut 46 employees, or about 4% of its workforce, even as the company backed by crypto billionaire Jed McCaleb pushes ahead with plans to build a commercial replacement for the International Space Station. The layoffs come just months after Vast secured $500 million in funding and as competition in the new space race intensifies.

ALSO READ: Oracle layoffs August 2026 update: Which employees are at ‘high risk’ as fresh cuts loom and what could the severance package look like?

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