TAMPA, Fla. — Cowboy Space has filed plans with the Federal Communications Commission for a 20,000-satellite “Stampede” orbital data center constellation, shortly after raising $275 million to develop rockets whose upper stages would serve as the computing platforms.

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Jason Rainbow writes about satellite telecom, finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information Group,...