California space station startup Vast reduced its workforce by 4% months after securing $500 million, as Jed McCaleb's company accelerates efforts to replace the ISS.

The startup, which is developing a commercial replacement for the International Space Station, fired 46 employees on Wednesday.

SpaceX-linked California startup Vast has cut 46 employees, or about 4% of its workforce, months after raising $500 million. The layoffs at Vast comes at a time when crypto…