- Companies
- Vast
Last Vast valuation
$1.9B
Series A · Oct 2025
Last Vast funding round
$300M
Series A · Mar 2026
Cumulative funding Vast raised
$450M
across 2 funding rounds
Key investors in Vast
IQT
Qatar Investment Authority
Mitsui & Co
Space Capital
Stellar Ventures
Julian Mann
About Vast
Vast is a Long Beach-headquartered space company engineering commercial space stations for low Earth orbit missions. Its Haven-1 outpost, set for 2025 launch via SpaceX Falcon 9, accommodates four crew members with Starlink connectivity and radiation shielding. Vast develops modular architectures supporting artificial gravity via rotation, in-space manufacturing bays, and science payloads, collaborating with NASA under CCSC-2 agreements for private astronaut flights.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$1.9B (Oct 2025)
Vast Valuation
Vast is currently valued at $1.9B, based on its Series A in October 2025.
The $150M round was led by IQT, with participation from Outliers Fund.
Vast valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2025 | Series A | $1.9B |
Vast Funding History
Vast has raised a total of $450M across 2 funding rounds.
Vast's first fundraising round was a $150M Series A in October 2025. The most recent completed round was a $300M Series A in March 2026.
Vast funding rounds
| Date | Stage | Investors | Raised | Valuation |
|---|---|---|---|---|
| Mar 2026 | Series A | Balerion Space Ventures (lead); Stellar Ventures; MUFG Union Bank; Qatar Investment Authority; Space Capital; Nikon; Julian Mann; Earthrise Ventures; Jed McCaleb; Mitsui & Co | $300M | - |
| Oct 2025 | Series A | IQT (lead); Outliers Fund | $150M | $1.9B |
Who has invested in Vast?
12 investors have backed Vast across its funding rounds, including IQT, Qatar Investment Authority, Mitsui & Co, Space Capital, Stellar Ventures and Julian Mann.
Lead investors include Balerion Space Ventures and IQT.
Vast Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Oct 2025 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Lead | Mar 2026 | ||
| 1 | Participant | Mar 2026 | ||
This data is available for Pro users. Sign up to see all 12 Vast investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialVast Competitors
Vast competitors include listed companies like Infleqtion and MTAR Technologies, and private ones like Mach Industries, Relativity Space, Sineva and Preferred Networks.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $3.7B | - | ||
| Private | - | - | $4.2B | - | ||
| Private | - | - | $1.8B | - | ||
| Private | - | - | $1.9B | - | ||
| Publicly listed | $29M | ($52M) | $2B | 35.9x | ||
| Publicly listed | $91M | $19M | $2.2B | 15.9x |
Vast Public Comps
Vast is still privately-owned, but its public comps include AECC Aero Science, Applied Aerospace & Defense, Sigma Advanced Systems, Avio, Intuitive Machines, Cirrus Aircraft, Aerospace Industrial Development, Infleqtion, Azad Engineering and ROKAE Robotics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $649M | $89M | 3.5x | 3.6x | 25.5x | - | |||
| $604M | $96M | 3.9x | - | 24.2x | - | |||
| $52M | $35M | 34.9x | - | 52.2x | - | |||
| $652M | $35M | 2.5x | 2.4x | 45.4x | 40.6x | |||
| $207M | ($111M) | 14.4x | 3.7x | (27.0x) | (594.0x) | |||
| $1.4B | $233M | 0.9x | 0.8x | 5.2x | 4.6x | |||
| $1.1B | $93M | 2.0x | 1.9x | 23.1x | 15.9x | |||
| $29M | ($52M) | 53.4x | 35.9x | (29.4x) | (29.9x) | |||
This data is available for Pro users. Sign up to see all Vast competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Vast
| When was Vast founded? | Vast was founded in 2021. |
| Where is Vast headquartered? | Vast is headquartered in Los Angeles, CA, United States. |
| Is Vast publicly listed? | No, Vast is a private, VC-backed company. |
| What is Vast's valuation? | Vast was last valued at $1.9B in its Series A in October 2025. |
| How much funding has Vast raised? | Vast has raised $450M across 2 funding rounds. |
| What was Vast's last funding round? | Vast's last funding round was a $300M Series A in March 2026, led by Balerion Space Ventures. |
| Who are Vast's investors? | Vast's investors include Stellar Ventures, MUFG Union Bank, Qatar Investment Authority, Space Capital, Nikon, Outliers Fund, Julian Mann, Earthrise Ventures, Balerion Space Ventures, Jed McCaleb and 2 others. |
| Which companies are comparable to Vast? | Companies comparable to Vast include Mach Industries, Relativity Space, Sineva, Preferred Networks, Infleqtion and MTAR Technologies. |
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