Latham & Watkins Advises on Vast’s US$300 Million Series A

Vast, the company developing next-generation space stations, has announced that it has raised US$500 million in new funding (US$300 million in Series A equity and US$200 million in debt) to advance its mission of enabling humanity to live and work in space long-term. Vast’s strategic roadmap includes low-Earth orbit space stations, future habitats for the Moon and Mars, and crewed systems that will expand the commercial space economy while strengthening partnerships and capabilities in support of national defense objectives. The financing round was led by Balerion Space Ventures with participation from IQT, Qatar Investment Authority (QIA), Mitsui & Co., Ltd, MUFG, Nikon Corporation (Nikon), Stellar Ventures, Space Capital, and Earthrise Ventures. Jed McCaleb, founder and first investor, also participated in the round. As part of the transaction, Balerion Advisor A.C. Charania, former Chief Technologist for NASA, will join the Vast board.

Latham & Watkins LLP represents Balerion Space Ventures in the transaction with an Emerging Companies & Growth team led by San Diego counsel Evan Youngstrom.