ORBital economics • briefing

The Physics of Profit: Why Data Centers Are Leaving Earth.

The terrestrial cloud is hitting a physics wall. Power constraints, water usage, and land permits are capping AI growth. The Orbital Cloud offers a ~20x energy cost reduction and a new jurisdictional layer for sovereign data.

The Two-Stage Maturity Model

First we move the Processing (Stage 1), then we move the Power Plant (Stage 2).

ACTIVE

Stage 1: The Orbital Edge

Now - 2028

Focus: Inference & Filtering

The Arbitrage: Bandwidth

Satellites generate too much data to downlink. Processing occurs on-orbit to send insights, not raw pixels.

Key Metric

Downlink Cost Reduction

Primary Vendors

OrbitsEdge, Aethero, SpaceX (Starshield), SpaceBilt

Evolution
EMERGING

Stage 2: The Orbital AI Factory

2028+

Focus: Training & Foundation Models

The Arbitrage: Energy

Terrestrial power constraints force gigawatt-scale training runs into orbit to harvest infinite solar and passive cooling.

Key Metric

Energy Cost Reduction ($0.002/kWh)

Primary Vendors

Starcloud, Aetherflux, Axiom, SpaceBilt


1. The Energy Arbitrage

On Earth, hyperscale data centers pay between $0.05–$0.15 per kWh, with prices grinding higher as AI demand competes with already-stressed grids. Solar capacity factors top out at 20–25% once you factor in night, weather, and seasonal angles.

In sun-synchronous orbit, Starcloud modeling suggests effective energy costs of roughly $0.002 per kWh amortized over a 10-year asset life, with 95%+ capacity factor. There is no night, no clouds—just continuous solar input into fixed-panel arrays.

Cost per compute cycle (normalized)

Ashburn, VA (Tier IV)

$0.08 / kWh

LEO (Orbital Class A)

$0.002 / kWh

Source: Starcloud modeling. Orbital energy costs normalized over 10-year amortization.


2. The Data Grid: Terrestrial vs Orbital

Analyst Note

Note on Unit Economics: The data below models the Stage 2 (AI Factory) scenario, where the primary economic driver shifts from Bandwidth Savings to Energy Savings.

At the balance-sheet level, Orbital Class A data centers start to look less like a science experiment and more like a yield instrument. The table below abstracts the techno-economics into four investor-facing metrics.

Metric

Terrestrial Tier IV

Orbital Class A

Power Cost

$0.08 / kWh (blended)

$0.002 / kWh (modeled)

Cooling Water

1.5M L / day (evaporative)

0 L / day (radiative to 3K)

Sovereignty

Jurisdiction-bound, land-constrained

Flag-state protected, extraterritorial

Latency

< 1 ms (local availability zone)

~20 ms (Starlink / optical backhaul)


3. The Starfactory Variable

The old economics assumed launch at $10,000/kg. In that regime, moving a 40MW cluster into orbit was a fantasy. Starship collapses that assumption: Lumen Orbit and Aetherflux models assume $30/kg all-in once Starfactory is running at cadence.

Starcloud's headline number is provocative: “A 40MW cluster over 10 years costs $167M on Earth vs. $8.2M in orbit.” Even if the model is directionally aggressive, the framing is what matters: the debate has shifted from “Is orbit possible?” to “What discount rate do we believe?”

The crossover year—when orbital TCO underprices terrestrial Tier IV for 40MW+ AI clusters—is no longer 2040 science fiction. Under most reasonable assumptions, it lands in the late 2020s.

Total cost of ownership (40MW cluster)
Crossover Year2027 (Est.)Terrestrial Tier IVOrbital Class A2024202520272030

Starcloud modeling: launch costs at $30/kg (Starship) make 40MW orbital clusters cheaper than terrestrial by ~2027 on a 10-year TCO basis.


4. The Sovereign Cloud

Orbital compute is not just an efficiency story; it is a jurisdiction story. Data stored in orbit sits under flag-state law but outside any terrestrial border. That creates a new layer of “sovereign adjacency” for nations that do not want their crown-jewel models running inside a competitor's territory—or even a hyperscaler's real estate footprint.

The EU's IRIS² constellation, China's Three-Body programs, and a growing wave of national GEO relay projects all rhyme with the same instinct: build a sovereign orbital control plane before the U.S. cloud oligopoly extends off-world.

The Orbital Cloud sits at the intersection: the place where energy arbitrage, thermal physics, and sovereignty premiums get priced into real contracts—in megawatts, not marketing decks.


The economics above assume that methane logistics and cryogenic hardware scale as planned. For the constraint-side view of this trade, see our bottleneck brief on the fuel system that powers Starfactory.

Read: The Methalox Supercycle →
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