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Building commercial space stations. Haven Demo flew 3 months in orbit (2025-2026). Haven-1 crew launch May 2026. $500M raised (Mar 2026). Founded 2021 by Jed McCaleb.
Vast is a commercial space station company founded in 2021 by Jed McCaleb, the entrepreneur behind Ripple and Stellar, with a mission to build privately owned and operated habitats in low Earth orbit. As NASA's International Space Station approaches decommissioning, Vast is positioned to provide a successor commercial destination for astronauts, researchers, and private space travelers. The company is building a family of modular space stations designed to serve as research platforms, manufacturing facilities, and eventually long-duration human habitation in orbit — the next phase of human spaceflight infrastructure.\n\nVast's initial product is Haven-1, a single-module commercial space station designed for short-duration crew missions. Haven-1 is scheduled for a crewed launch in May 2026 aboard a SpaceX Crew Dragon, making it the first commercial space station to host astronauts. A demonstration version of the Haven module completed a three-month uncrewed orbital mission between 2025 and 2026, validating the platform's life support, power, and structural systems in orbit. Vast is also developing Haven-2, a larger multi-module station intended for longer-duration research and commercial operations.\n\nVast raised $500M in March 2026, bringing total capitalization to over $500M and enabling the company to accelerate station development and expand its mission manifest. The company has partnered with SpaceX for launch and crew transportation services. Vast is competing with Axiom Space and Blue Origin's Orbital Reef project for the commercial space station market, which NASA is funding through its Commercial Low Earth Orbit Destinations (CLD) program as a deliberate strategy to transition human spaceflight from government-owned to commercially operated infrastructure.
FY2025 (ended Mar 31, 2025): JPY 21.6887T (+6.2%) | Operating Profit: JPY 1.2134T (-12.2%) | FY2024: JPY 20.4286T (+20.8%) | Q3 FY2024 (9 months): Op Profit JPY 1.1399T, margin 7.0% | Auto sales down 297k (Asia impact) | FY2026 guidance: Net profit JPY 250B (-70.1%), Revenue JPY 20.3T (-6.4%)
Honda Motor Co., Ltd. is a Japanese multinational mobility conglomerate founded in 1948 by Soichiro Honda and Takeo Fujisawa in Hamamatsu, Japan. Starting as a motorcycle manufacturer, Honda expanded into automobiles, power equipment, marine engines, and aerospace, becoming one of the largest and most diversified mobility companies in the world. With over 90 million vehicles sold globally and a reputation built on engineering reliability, fuel efficiency, and innovation, Honda operates manufacturing facilities across more than 30 countries on six continents.\n\nHonda's automotive lineup ranges from mass-market sedans and SUVs — including the best-selling Civic and CR-V — to trucks, minivans, and the premium Acura brand. The company is executing a major pivot to electrification through the Honda 0 Series, a new EV architecture designed from the ground up for battery-electric vehicles launching in 2026. Honda's partnership with General Motors on battery technology, combined with its investment in solid-state battery development, reflects a multi-path electrification strategy designed to hedge technology risk while building scale.\n\nHonda reported FY2025 revenue of JPY 21.7 trillion, a 6.2% year-over-year increase, driven by strong North American demand and favorable currency tailwinds. The company faces intensifying competition from Chinese EV manufacturers in Asia and is exploring a potential merger with Nissan as part of broader Japanese automotive consolidation. Honda's engineering culture, global manufacturing scale, and brand credibility in reliability position it as a resilient and well-capitalized incumbent navigating the EV transition.
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