TAMPA, Fla. — Starcloud has raised $250 million to accelerate its orbital data center constellation plans from investors including Nvidia, which is also backing SpaceX as the race to deploy AI computing infrastructure in space gains momentum.

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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,...