Starcloud’s latest funding round values the space compute company at $1.1 billion, making it one of the fastest startups to reach unicorn status after graduating from Y Combinator.
The company’s Series A, which closed 17 months after its demo day presentation, was led by Benchmark and EQT Ventures. It’s another sign of the interest in outsourcing data centers to orbit as resource and political obstacles slow their development on Earth, but the business model depends on unproven technology and significant capital expenditure.
