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   The startups already in orbit
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          Monday, June 22, 2026
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           Startups are racing to put AI data centers in orbit before Google and SpaceX do
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          No one had heard of Starcloud 17 months ago. Now, 
it's valued at $1.1 billion and has already put a GPU in orbit. The Redmond, Wash., company raised $170 million in a Series A in March 2026 and has filed with the FCC for an 88,000-satellite constellation. It's one of a handful of startups racing to establish AI data centers in orbit before the largest companies in tech arrive in force.
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          The ambition is contagious. Google is planning to have two prototype satellites by 2027, SpaceX has filed for up to a million, and Jeff Bezos has sketched out gigawatt-scale orbital 
facilities for Blue Origin.
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          The question for startups is whether they can build enough of a business at current costs to survive until launch prices fall. Google's researchers estimate that orbital computing will only become cost-competitive with ground-based data centers at a launch price of about $200 per kilogram. SpaceX's Falcon 9 rocket currently runs about $2,700 per kilogram. Analysts at Citigroup project costs could reach about $100 per kilogram by 2040, with an optimistic case near 
$33.
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          For the startups, the bet is that being first to orbit — even at small scale — buys the customer relationships, operational data, and regulatory filings that will matter when that moment arrives.
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                                 <!--[if mso]><a href="https://www.ne16.com/t/10897530/222404108/10000360/1/1009235/?f5d63f87=REIlMjAwNi0yMg&x=d287e4b7" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; 
font-size: 18px; font-weight: bold; border: none; display: block; ">Choose Your Metro by T-Mobile Plan and Get Your Free Samsung Galaxy A17 Phone</a><![endif]-->
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           Today's Poll
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           Can startups out-innovate Big 
Tech?
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               <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none; border-spacing: 0; border-collapse: collapse; mso-table-lspace:0; mso-table-rspace:0; 
mso-margin-top-alt:0px; mso-margin-bottom-alt:0px; mso-padding-alt: 0px 0px 0px 0px;" width="100%">
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-moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px;  border: 1px solid #105C8E; display: block; " target="_blank">
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                          <td align="center" bgcolor="#105C8E" style="text-align:center;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif">
                           <!--[if !mso]><!-->
                           <a style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">
                            Yes. Scrappy beats slow every time
                           </a>
                           <!--<![endif]-->
                           <!--[if mso]><a 
href="https://www.ne16.com/t/10897530/222404108/10011999/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNi0yMg&x=2adc4ef3" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">Yes. Scrappy beats slow every 
time</a><![endif]-->
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border-collapse: collapse; mso-table-lspace:0; mso-table-rspace:0; mso-margin-top-alt:0px; mso-margin-bottom-alt:0px; mso-padding-alt: 0px 0px 0px 0px;" width="100%">
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                      <td align="center" bgcolor="#105C8E" style="text-align:center;vertical-align:middle;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif" valign="middle">
                       <table bgcolor="#105C8E" cellpadding="0" cellspacing="0" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; " width="100%">
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                          <td align="center" bgcolor="#105C8E" style="text-align:center;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif">
                           <!--[if !mso]><!-->
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">
                            No. Big Tech always wins with scale
                           </a>
                           <!--<![endif]-->
                           <!--[if mso]><a href="https://www.ne16.com/t/10897530/222404108/10012000/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNi0yMg&x=4589796e" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">No. Big 
Tech always wins with scale</a><![endif]-->
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               <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none; border-spacing: 0; 
border-collapse: collapse; mso-table-lspace:0; mso-table-rspace:0; mso-margin-top-alt:0px; mso-margin-bottom-alt:0px; mso-padding-alt: 0px 0px 0px 0px;" width="100%">
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                   <a style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px;  border: 1px solid #105C8E; display: block; " target="_blank">
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                      <td align="center" bgcolor="#105C8E" style="text-align:center;vertical-align:middle;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif" valign="middle">
                       <table bgcolor="#105C8E" cellpadding="0" cellspacing="0" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; " width="100%">
                        <tbody>
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                          <td align="center" bgcolor="#105C8E" style="text-align:center;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif">
                           <!--[if !mso]><!-->
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">
                            It's moot. Debt could sink them all
                           </a>
                           <!--<![endif]-->
                           <!--[if mso]><a href="https://www.ne16.com/t/10897530/222404108/10012001/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNi0yMg&x=2cd1b11a" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">It's 
moot. Debt could sink them all</a><![endif]-->
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          <span style="font-family:Arial;font-size:24px">
           Here's what you need to know
          </span>
         </h1>
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       </tr>
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             <a aria-label="Spencer Platt / Getty Images" style="color:#105C8E" target="_blank" title="Spencer Platt / Getty Images">
              <img alt="Spencer Platt / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2281237832.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODIxMjMzMjkuMzE5MTk3fQ:1wbbgf:Wl8bmNPZrjYFEvMZAkfZD1cmOSdqDjSOTWxqvG7pPqA" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
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              <strong style="color:#105C8E">
               <a data-linktext="SpaceX ended its first week as a public company with a slide." data-linktype="Normal" style="color:#105C8E" target="_blank">
                SpaceX ended its first week as a public company with a slide.
               </a>
              </strong>
              Shares had surged more than 40% before two straight days of losses pulled them back. Analysts had warned that the company's lofty 
valuation outpaced its fundamentals after it posted a net loss of nearly $5 billion in 2025.
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             <a aria-label="Justin Tallis / Getty 
Images" style="color:#105C8E" target="_blank" title="Justin Tallis / Getty Images">
              <img alt="Justin Tallis / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2263465290.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODIxMjMzMjkuMzE5MzAyM30:1wbbgf:qaiVDAY48yrjtLKKolu0OCE-rx3RQHr6FjDQo-c4_3U" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
             </a>
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              <strong style="color:#105C8E">
               <a data-linktext="Google's top Gemini AI engineer defects to 
rival OpenAI." data-linktype="Normal" style="color:#105C8E" target="_blank">
                Google's top Gemini AI engineer defects to OpenAI.
               </a>
              </strong>
              The move comes less than two years after Google paid $2.7 billion to bring him back from another AI startup. He co-authored the 2017 paper widely credited with sparking modern large language models and is one of the field's most sought-after researchers.
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             <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
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             <a aria-label="Tom Fisk / Pexels" style="color:#105C8E" target="_blank" title="Tom Fisk / Pexels">
              <img alt="Tom Fisk / Pexels" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252Fpexels-tomfisk-9475971.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODIxMjMzMjkuMzE5NDA5OH0:1wbbgf:laRjKbLfHu5lGgH5XTJ3lAMeTrai98sbOmXIF5ndpxc" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
             </a>
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            <td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;line-height:1.4;vertical-align:top;mso-line-height-rule:exactly">
             <div>
              <strong style="color:#105C8E">
               <a data-linktext="Global oil supply could far outpace demand by late 2027." data-linktype="Normal" style="color:#105C8E" target="_blank">
                Global oil supply could far outpace demand by late 2027.
               </a>
              </strong>
              The International Energy Agency says the reopening of the Strait of Hormuz will cause a rebound in output that will eventually flood 
the market. But inventories are still forecast to fall sharply in 2026 and could first reach historic lows.
             </div>
            </td>
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           <tr style="background-color:#EFEFEF">
            <td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
             <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
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              <img alt="Tom Williams / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2281441639.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODIxMjMzMjkuMzE5NTEzOH0:1wbbgf:cEMx_F6QLpnq8H39URJYXeoc3FBZxGa0Up7kO7MbDH0" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
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