Cowboy Space raises $275M Series B at $2B valuation to build orbital data centers
Tags Infrastructure · AI · Hardware
Cowboy Space Corporation (formerly Aetherflux), the orbital infrastructure company founded by Robinhood co-founder Baiju Bhatt, announced $275 million in Series B financing at a $2 billion valuation on May 11. The round was led by Index Ventures with participation from IVP, Blossom Capital, SAIC, Breakthrough Energy Ventures, Construct Capital, Andreessen Horowitz, NEA, and Interlagos. The company is building vertically integrated orbital infrastructure spanning launch vehicles, space-based power, and in-orbit compute for the AI era. It plans to launch its first satellite later this year to demonstrate space-to-Earth power beaming. The team includes engineers from SpaceX, Astranis, NASA, Kuiper, and NVIDIA.
Technical significance
Cowboy Space's $2B valuation for a company that hasn't yet demonstrated its core technology (space-to-Earth power beaming) reflects the extreme investor appetite for AI infrastructure plays. The convergence of space technology and AI compute represents a new category of infrastructure investment. If the power beaming demonstration succeeds later this year, it could open an entirely new model for data center siting unconstrained by terrestrial power grid limitations.