Cowboy Space Corporation, founded by Robinhood co-founder Baiju Bhatt, has raised $275 million in a Series B led by Index Ventures at a $2 billion valuation, with participation from Breakthrough Energy Ventures, Construct Capital, IVP, and ORIC. The company is building orbital data centres to meet surging AI compute demand — and developing its own rocket to launch them.
Bhatt said existing launch capacity is too scarce and expensive to make orbital data centres economically viable, leading the company to build its own launch vehicle targeting a first flight before end of 2028. Each satellite will carry around 800 GPUs generating one megawatt of power, with the data centre built directly into the rocket’s second stage.
The company has hired former Blue Origin propulsion engineer Warren Lamont and former SpaceX launch director Tyler Grinnell to lead development.
Featured image: Credit: Cowboy Space
