en.Wedoany.com Reported - US-based Cowboy Space recently announced it has secured $275 million in Series B funding, led by Index Ventures. The company plans to use the funds to launch solar-powered artificial intelligence data centers into orbit. Cowboy Space, previously known as Aetherflux, completed its name change recently.

The company plans to achieve this goal using its self-developed rockets, where the rocket's upper stage also serves as the data center. The rocket stage and data center feature an integrated design, functioning as a 1-megawatt hub in orbit. Company officials stated in a May 11 announcement that this engineering solution is designed to rapidly deploy the company's satellite constellation, named Stampede, into orbit to meet the global demand for AI computing. The planned number of satellites in the constellation was not disclosed. The company also plans to own its manufacturing chain and a dedicated launch site.

"Earth's energy grid cannot operate at the speed of AI. We can," Cowboy officials stated via X on May 11. "AI is driving the largest infrastructure buildout in modern history, and terrestrial power grids cannot keep pace. In major US markets, the average grid interconnection lead time for new data centers can take five to seven years or even longer. Meanwhile, AI demand has completely outgrown Earth's pasture."

The company was founded in 2024 by Robinhood co-founder Baiju Bhatt under the name Aetherflux, initially focusing on space-based solar power, and completed a $50 million Series A funding round about a year ago. Team members come from organizations such as SpaceX, Astranis, Kuiper, and NVIDIA, with NVIDIA providing the AI chip platform for Cowboy. Bhatt, who also serves as Cowboy's CEO, described the company's approach in a press release as "a fundamental departure from the traditional satellite constellation model."

Headquartered in San Carlos, California, Cowboy Space plans to launch its first satellite later this year to demonstrate the capability of transmitting power from space to Earth. A second mission is planned for 2027, which will include a cluster of satellites for high-speed communications. The first rocket launch is planned for 2028.

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