Starcloud valued at $1.1 billion amid AI space race

Orbital compute infrastructure startup Starcloud has secured $170 million in funding, achieving a valuation of $1.1 billion. This significant funding round occurs amidst an intensifying 'space race' focused on establishing off-planet data centers for power-hungry AI applications. Companies like SpaceX and Blue Origin are also vying for dominance in this emerging sector. Starcloud's success highlights the growing demand for advanced computing solutions in space and the substantial investment flowing into the intersection of AI and aerospace technology.