Cowboy Space raises $275 million to develop rockets for orbital data centers

May 11, 2026

AI Summary

Cowboy Space Corporation has secured $275 million in funding to develop its own rocket program aimed at launching data centers into orbit. The company, founded by Baiju Bhatt, plans to build data centers directly into the rocket's second stage, addressing the current shortage of launch capacity for space data centers.

Cowboy Space Corporation raised $275 million in a Series B funding round, bringing its valuation to $2 billion.
The company aims to develop its own rockets to launch data centers into orbit, addressing a shortage of available launch capacity from existing providers.
CEO Baiju Bhatt, a co-founder of Robinhood, pivoted the company from solar energy collection in space to focus on orbital data centers.
Cowboy Space plans to integrate its data centers into the second stage of its rockets, simplifying the design process.
The company expects to launch its first rocket by the end of 2028 and has hired experienced engineers from Blue Origin and SpaceX.
Each satellite is designed to weigh between 20,000 to 25,000 kilograms and generate 1 MW of power for approximately 800 GPUs.
The startup aims to compete with established players like SpaceX and Blue Origin in the space launch market.

space data centersrocketsfundingcowboy spaceorbital technology

Cowboy Space raises $275 million to develop rockets for orbital data centers

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