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Stockreport

British founder's startup raises £128m to chase Elon Musk into space [Yahoo! Finance]

Amazon.com, Inc. (AMZN)  More Company Research Source: Yahoo! Finance
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Starcloud is led by Philip Johnston, its Surrey-born co-founder. The company launched its first satellite last year and is now laying the groundwork to launch thousands of spacecraft at a cost of tens of billions of dollars. Mr Johnston said: “We've just filed with the FCC [the US telecoms regulator] for a constellation of 88,000.” These would each have a capacity of 200 kilowatts, meaning that in total, Starcloud's orbital data centres could provide 20 gigawatts worth of power if it can raise the financing required. Mr Johnston said the capital expenditure on it would “be about $100bn”. The latest deal to raise $170m values Starcloud, which is headquartered in Washington state in the US, at $1.1bn. It brings its total funding raised to more than $200m. Starcloud secured the funds from backers including early Uber investor Benchmark and private equity firm EQT. Founded in 2024, the start-up has been racing to develop orbital data centres that will be able to power artific [Read more]

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Stockreport

British founder's startup raises £128m to chase Elon Musk into space [Yahoo! Finance]

Amazon.com, Inc.  (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Starcloud is led by Philip Johnston, its Surrey-born co-founder. The company launched its first satellite last year and is now laying the groundwork to launch thousands of spacecraft at a cost of tens of billions of dollars. Mr Johnston said: “We've just filed with the FCC [the US telecoms regulator] for a constellation of 88,000.” These would each have a capacity of 200 kilowatts, meaning that in total, Starcloud's orbital data centres could provide 20 gigawatts worth of power if it can raise the financing required. Mr Johnston said the capital expenditure on it would “be about $100bn”. The latest deal to raise $170m values Starcloud, which is headquartered in Washington state in the US, at $1.1bn. It brings its total funding raised to more than $200m. Starcloud secured the funds from backers including early Uber investor Benchmark and private equity firm EQT. Founded in 2024, the start-up has been racing to develop orbital data centres that will be able to power artific [Read more]

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AMZN
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EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
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Multi-day stock performance from the time of the news release
LAST PRICE
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POST NEWS RANGE
%
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TICKS

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EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
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