Doha, Qatar and Long Beach, Calif. – March 5, 2026 – QIA today announced an investment in Vast , a company developing next-generation commercial space stations. Vast raised a total of USD $500 million in the financing round, led by Balerion Space Ventures with participation from IQT, QIA, Mitsui & Co., Ltd, MUFG, Nikon Corporation (Nikon), Space Capital, and Earthrise.
Vast’s mission is to enable humanity to live and work in space over the long-term. Its strategy includes developing low-Earth orbit space stations, future habitats for the Moon and Mars, and crewed systems designed to expand the commercial space economy while strengthening partnerships and capabilities in support of national defense objectives. The financing will be used to expand facilities, scale the team, and advance development of Haven-2, Vast’s proposed successor to the International Space Station. Haven-2 is designed to help ensure a continuous human presence in low-Earth orbit for the United States and its allies.
The financing includes $300 million in Series A equity and $200 million in debt to support continued development of Vast’s Haven space stations.
QIA’s participation reflects its strategy of partnering with forward-looking companies in emerging industries and providing long-term capital to accelerate growth, advance technological innovation, and create sustainable value.
About Vast
Vast is developing next-generation space stations to ensure continuous human presence in space for America and its allies, enabling advanced microgravity research and manufacturing, and unlocking a new space economy for government, corporate, and private customers. Using an incremental, hardware-rich and low-cost approach, Vast is rapidly developing its multi-module Haven Station. Haven Demo’s 2025 success made Vast the only operational commercial space station company to fly and operate its own spacecraft. Next, Haven-1 is expected to become the world’s first commercial space station when it launches in 2027, followed by additional Haven modules to enable permanent human presence by 2030.
Headquartered in Long Beach, California and with more than 1,000 employees and over a billion dollars in private capital, Vast has built the facilities required to manufacture and operate America’s next space station. The company plans to develop future habitats for the Moon and Mars, dedicated space stations for government partners, and other crewed systems that will unlock the expanding long-term space economy.