There aren’t enough rockets for space data centers. Cowboy Space raised $275 million to build them.
SMRTR summary
A startup founder who helped democratize stock trading now wants to build rocket ships. Baiju Bhatt, co-founder of Robinhood, has rebranded his space energy company as Cowboy Space Corporation, and just raised $275 million to build both orbital data centers and the rockets to launch them.
The problem Bhatt is solving is surprisingly simple: there just aren't enough rockets. With SpaceX focused on its own satellites and Blue Origin struggling, Bhatt decided to build his own launch vehicle rather than wait.
The plan is audacious. Cowboy Space will embed data centers directly into rocket second stages, each generating one megawatt of power for nearly 800 onboard GPUs.
"There's a lot of new rockets that are coming online, but as we look three, four years out, it's still very, very scarce," Bhatt told TechCrunch.
He's targeting a first launch before 2029. And yes, there will apparently be a cowboy hat involved.
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