Starcloud, a startup building satellites designed to run AI inference in orbit, said on Aug. 22 that it raised a $250 million extension after closing a $170 million Series A in March. The new money brings the round to $420 million and values the company at $2.3 billion. Starcloud said the proceeds will go toward a larger satellite manufacturing facility and Starcloud-3, its largest orbital data center spacecraft so far. The spacecraft is planned to launch on SpaceX’s upcoming Starship. CEO Philip Johnston is also raising more capital to secure enough launch capacity, as tight rocket transport capacity could become a bottleneck for expansion.
Starcloud said on Aug. 22 that it has raised a $250 million extension after closing a $170 million Series A in March, bringing the total for the round to $420 million and lifting the company’s valuation to $2.3 billion.
The startup develops satellites that can perform AI inference in orbit. It said the fresh capital will help fund a larger satellite manufacturing plant and advance Starcloud-3, its largest orbital data center spacecraft to date.
Starcloud-3 is planned to launch aboard SpaceX’s upcoming Starship vehicle.
CEO Philip Johnston is also raising additional funds to make sure the company can secure enough satellite launch capacity. As the rocket transport market tightens, launch availability could become a key constraint on Starcloud’s expansion.
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