Cowboy Space Corporation has secured $275 million in Series B funding to develop its own rocket program, aiming to address the scarcity of launch capacity for orbital data centers. The company, formerly Aetherflux, pivoted from space-based solar power to focus on hosting AI computing workloads in orbit. CEO Baiju Bhatt believes building their own rockets is necessary to scale the business and compete economically with terrestrial alternatives, despite the significant challenge and competition from established players like SpaceX and Blue Origin. AI
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IMPACT Accelerates the development of off-planet AI compute infrastructure, potentially alleviating terrestrial compute constraints.
RANK_REASON Significant funding round for a company developing infrastructure for AI compute in space.