Tag: orbital
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Varda raises $250 million at $1.6 billion valuation to scale orbital drug manufacturing
WASHINGTON, Sept 30 : In-space manufacturing startup Varda Space has raised $250 million in a Series D round at a $1.6 billion valuation, the company told Reuters, as it ramps up missions to produce pharmaceuticals in microgravity.El Segundo-based Varda is one of a handful of US companies building a fleet of
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NASA says new Roman telescope’s lifespan could more than double, to 22 years
WASHINGTON, Sept 17 : Even before the Nancy Grace Roman Space Telescope has reached its planned orbital position, NASA says its newest flagship observatory’s potential operational lifespan may reach 22 years — more than double the length previously announced.Before its launch last month, the U.S. space agen
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Orbital data center startup Starcloud valued at $2.3 billion in latest funding
Aug 21 : Starcloud, a startup building data centers in space, said on Friday it had raised $250 million at a $2.3 billion valuation, as it looks to expand AI infrastructure through orbital data centers.SpaceX’s blockbuster IPO has rekindled investor interest in the space industry, including in emerging areas
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SpaceX’s near-term AI payoff seen tethered to Earth, not outer space
July 10 : Elon Musk may have pitched a future where space powers AI, but Wall Street analysts say SpaceX’s near-term value remains firmly tethered to Earth, where it is building out the infrastructure underpinning the AI boom.Infrastructure providers, particularly data centers, are poised to be among the bigg
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Space startups seek insurance for orbital AI data centers
NEW YORK/LONDON, June 18 : Space companies have spoken with insurers about coverage for orbital AI data centers, a sign of early progress for an experimental industry backed by Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin.The concept of data center satellites — designed to bypass Earth’s power constrain
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SpaceX aims to launch orbital AI computing tests by end of next year, sources say
NEW YORK, June 9 : SpaceX executives say the company is aiming to launch initial demonstrations of space-based artificial intelligence computing infrastructure by late 2027, ahead of the “as early as 2028” timeline for deployment disclosed in its IPO filing, according to two people who attended investor presentation
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