Funding round
Vast Series A
Vast, which works in commercial space station design and manufacturing in Long Beach, raised $500M in a Series A round announced on 5 Mar 2026, led by Balerion Space Ventures. 11 firms took part.
$500M
Amount raised
of which $200M debt
Not disclosed
Post-money valuation
11
Investors
1 lead
Valuation
What this round says about the price
Vast did not disclose a valuation in this round. It is Vast's first venture round on record, 5 years after it was founded in 2021. No later venture round is on record for Vast.
Vast's funding rounds
This is the only venture round on record for Vast.
- Series A this round 5 Mar 2026, led by Balerion Space Ventures $500M
Investors
Who put money in
Balerion Space Ventures led the round with 10 other firms.
Lead investor
- backs 9 venture-backed companies new investor
Also in the round
- In-Q-Tel backs 97 venture-backed companies new investor
- Qatar Investment Authority backs 71 venture-backed companies new investor
- backs 48 venture-backed companies new investor
- MUFG new investor
- Nikon new investor
- backs 14 venture-backed companies new investor
- backs 34 venture-backed companies new investor
- Earthrise Ventures new investor
- Jed McCaleb Ltd new investor
- NASA new investor
Joined the board: A.C. Charania (Balerion Space Ventures).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
54 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $19M, and this round was 26 times the median. The closest in time, other companies' Series A rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 19 Mar 2026 | $19M | not disclosed | not named |
| Aerospace and Defence | 1 Mar 2026 | $17M | not disclosed | not named |
| Orqa Aerospace and Defence | 10 Mar 2026 | $15M | not disclosed | Expeditions |
| Aerospace and Defence | 9 Mar 2026 | $8.4M | not disclosed | not named |
| Aerospace and Defence | 9 Apr 2026 | $50M | $250M | Geodesic Capital and Mach33 |
| Aerospace and Defence | 24 Feb 2026 | $35M | not disclosed | Plural |
| Aerospace and Defence | 25 Feb 2026 | $34M | not disclosed | Andreessen Horowitz |
| ATMOS Space Cargo Aerospace and Defence | 22 Apr 2026 | $30M | not disclosed | Balnord and Expansion |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Vast raise in its Series A round?
Vast raised $500M in its Series A round, announced in Mar 2026.
Who led Vast's Series A round?
Balerion Space Ventures led it, with In-Q-Tel, Qatar Investment Authority, Mitsui Global Investment, MUFG and Nikon and 5 more.
What was Vast's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Aerospace and Defence?
54 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $19M, and this round was 26 times the median.