Orbital solar data centers' compute cost ($51.10/W) is far above terrestrial sites' cost ($15.85/W).
The 2025 funding environment was defined by two numbers: the billions flowing into AI infrastructure and the compressed timelines between rounds. Companies that would have taken 18 months between Series B and C were closing in 6. Valuations reached levels that required new financial structures — revenue-based milestones, structured equity, and convertible instruments replaced simple priced rounds.