There aren't enough rockets for space data centers. Cowboy Space raised $275 million to build them.
Cowboy Space says it raised a $275M Series B to pursue orbital data centers — and decided it needs to build its own rockets to scale.
Cowboy Space Corporation, led by CEO and founder Baiju Bhatt, announced a $275 million Series B round at a $2 billion post-money valuation. Bhatt said the company started in 2024 as Aetherflux, pivoted from space solar power to orbital data centers, and then moved into rocket-building after concluding there was not enough affordable launch capacity to scale.
Cowboy Space expects its first launch before the end of 2028 and plans to build data centers into the second stage of its rocket.
Read the original reporting at TechCrunch.
