Starcloud Secures $170 Million in Series A Funding at $1.1 Billion Valuation

Starcloud, a space computing startup, has announced the completion of a $170 million Series A funding round, valuing the company at $1.1 billion. According to PANews, the round was led by Benchmark and EQT Ventures, bringing the total funding to $200 million. The company plans to launch Starcloud 2 later this year, which will feature multiple GPUs, including Nvidia Blackwell chips, AWS server blades, and a Bitcoin mining machine. CEO Philip Johnston stated that Starcloud 2 will be the first space-based Bitcoin mining satellite, emphasizing that space mining is the future. Additionally, Starcloud is developing a data center spacecraft named Starcloud 3, which is expected to be launched by SpaceX's heavy-lift Starship rocket.