Cowboy Space Corporation has raised $275 million to fund its ambitious plan to establish data centers in Earth's orbit, the company announced. The startup aims to address what it identifies as a shortage of available rockets capable of launching the necessary infrastructure for space-based computing facilities.

The company's business model centers on creating orbital data centers, but first requires developing the launch vehicles needed to deploy such facilities in space. Current rocket capacity appears insufficient for the scale of operations Cowboy Space envisions for its space-based computing infrastructure.

The funding round represents one of the larger recent investments in commercial space ventures focused on data processing and storage. Space-based data centers could potentially offer advantages in terms of cooling efficiency and reduced terrestrial real estate requirements, though the technical challenges of maintaining computing equipment in orbit remain significant.

Cowboy Space joins a growing number of companies seeking to commercialize low Earth orbit for various applications beyond traditional satellite communications. The company has not disclosed a timeline for its first orbital missions or provided details about the specific rocket designs it plans to develop.