EQT Invests in Starcloud's Space AI Data Centers
EQT Ventures has invested in Starcloud, which raised $170 million to develop AI data centers in space. The technology aims to leverage solar energy and alleviate terrestrial limitations, with commercial launches expected in 2028-2029.
Starcloud, founded in January 2024, has achieved a valuation of $1.1 billion following a $170 million funding round. Investors include EQT Ventures and Benchmark Capital. The company's strategy focuses on relocating AI computations to space to utilize unlimited solar energy, addressing challenges in establishing data centers on Earth.
AI-curated by TheiaStarcloud launched its first GPU-equipped satellite via SpaceX, marking progress in its ambitious plans. Commercial operations are projected to begin by 2028 or 2029, with hopes to compete with traditional data centers on pricing by the 2030s. Significant capital will be required as the technology remains unproven, posing risks to its development.
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