Doha – Sharikat Mubasher: The Qatar Investment Authority (QIA) announced an investment in Vast as part of a $500 million financing round for the commercial space infrastructure developer. As per a recent press release, this round was led by Balerion Space Ventures and included participation from IQT, Mitsui & Co., Ltd., MUFG, Nikon Corporation, Space Capital, and Earthrise.
The financing package includes $300 million in Series A equity and $200 million in debt to support the development of Vast’s Haven space station program. The company is currently working on Haven-2, a planned commercial space station intended to help maintain a continuous human presence in low-Earth orbit after the retirement of the International Space Station.
According to the company, the funds will be used to expand facilities, grow its workforce, and advance development of its next-generation orbital habitats.
QIA said its participation reflects its strategy of backing innovative companies in emerging sectors and providing long-term capital to accelerate technological advancement and sustainable growth.
