Starcloud has raised $250 million in fresh funding at a valuation of $2.3 billion, giving the space-based data center startup additional capital as it works to expand artificial intelligence computing infrastructure beyond Earth.
The financing marks a sharp increase in the company’s valuation within a matter of months. Starcloud was valued at $1.1 billion in March, when it raised $170 million. With the latest round, the startup said its total capital raised since its founding in 2024 has reached $450 million.
Manhattan West led the new funding round. Nvidia and Cisco Investments joined as new investors, while existing backers including Benchmark, EQT and Soma also participated.
The size of the round is significant, but Starcloud’s planned scale offers a clearer picture of what the company is trying to build. It is targeting a constellation of 88,000 satellites capable of delivering 20 gigawatts of orbital computing capacity.
That ambition places the company’s latest fundraising directly behind an effort to move increasingly powerful computing infrastructure into orbit.
Nvidia Collaboration Moves Into Space Hardware
a founded by Philip Johnston along with co-founders Ezra Feilden and Adi Oltean is also working with Nvidia on the Nvidia Space-1 Vera Rubin Module, which is being designed to operate under the radiation and extreme environmental conditions encountered in orbit.
Part of the newly raised capital will support that engineering collaboration. Starcloud also plans to use the money to expand manufacturing capacity and procure components and equipment for newer products.
The Nvidia relationship is particularly notable because Starcloud’s plans extend beyond simply placing conventional computing equipment on satellites. Hardware intended for orbital use must be developed around conditions that differ considerably from terrestrial data centers, and the Space-1 project is being designed specifically with those conditions in mind.
Starcloud has not provided additional technical specifications for the module in the information released with the funding announcement.
100,000-Square-Foot Facility Planned in Washington
Alongside its long-term satellite target, Starcloud is building physical manufacturing capacity on the ground.
The company is developing a 100,000-square-foot manufacturing facility in Woodinville, Washington, where it plans to work on its next-generation Starcloud-3 spacecraft.
The facility provides a more immediate measure of Starcloud’s expansion plans than its eventual 88,000-satellite target. The new funding is expected to help increase manufacturing capacity as the company prepares newer spacecraft and computing products.
Manhattan West’s Lauren Selig has also joined Starcloud’s board as an observer following the investment.
Valuation More Than Doubles Since March
The latest round gives Starcloud a $2.3 billion valuation, compared with the $1.1 billion figure attached to its March financing.
That means the company’s stated valuation has more than doubled since its previous funding round.
Starcloud has now raised $450 million since being founded in 2024, with $420 million of that amount coming from the March and latest funding rounds alone.
The company is pursuing its orbital computing plans at a time when investor attention toward the wider space industry has strengthened. The renewed interest has also extended to emerging segments such as data centers designed to operate in orbit.
For Starcloud, the latest financing brings together three pieces of its strategy: developing computing hardware for space with Nvidia, expanding spacecraft manufacturing in Washington, and working toward a large satellite network capable of hosting significant AI computing capacity.
Its 88,000-satellite target remains an ambitious long-term objective. For now, the $250 million round gives the company additional funding to build the manufacturing and engineering capabilities needed for the next stage of that effort.
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