EXCLUSIVE: PowerBank Eyes $700 Billion Space Market With Orbital Cloud Initiative

2 days ago 4

PowerBank Corporation (NASDAQ:SUUN) connected Wednesday disclosed a concern with Orbit AI for the motorboat of a abstraction inaugural called the Orbital Cloud.

  • SUUN shares are trending higher. See what is driving the question here

The motorboat ngo integrates precocious satellites, almighty AI hardware, blockchain verification, and clean-energy tech to show a caller integer infrastructure successful orbit.

PowerBank plans to initially put $50,000 successful Orbit AI, with an enactment to put $1 cardinal for equity of 2%.

Subject to the support of Orbit AI, the magnitude tin beryllium accrued to up to $10 cardinal for equity of 20%.

The transaction is contingent connected finalizing the statement and is expected to beryllium completed earlier the DeStarlink Genesis-1 launch, scheduled for December 2025.

Notably, the institution plans to motorboat Genesis-1 successful the 4th fourth of 2025, grow to 5–8 orbital nodes successful 2026, rotation retired the afloat constellation and commercialize Orbital Cloud successful 2027–2028, and execute autonomous large-scale orbital operations by 2030.

Through the collaboration with Orbit AI, PowerBank plans to lend precocious star vigor systems and adaptive thermal controls, which align with its strategy to enactment integer asset, information center, and RWA infrastructure with cleanable power.

The company's publication volition proviso the star and thermal technologies needed for the satellite's aboriginal "Execution Layer."

Dr. Richard Lu, CEO of PowerBank, said, "The combined markets for orbital satellites, in-orbit information centers, blockchain verification, and solar-powered integer infrastructure are projected to transcend $700 cardinal implicit the adjacent decade."

"By integrating star vigor with orbital computing, PowerBank is helping make a globally sovereign, AI-enabled integer furniture successful space, which is simply a strategy that tin assistance powerfulness finance, communications, and captious infrastructure."

The Orbital Cloud targets aggregate high-growth markets, including orbital infrastructure, which is expected to turn to $21.3 cardinal by 2029 (vs. $13.5 cardinal successful 2024, CAGR ~9.6%) and the planetary outer market, which is projected to grow to $615 cardinal by 2032.

Also, it targets different rapidly booming markets, specified arsenic in-orbit information centers ($1.77 cardinal successful 2029 → $39.1 cardinal by 2035), and outer information services ($12.16 cardinal successful 2024 → $55.24 cardinal by 2034, CAGR ~16.3%). Overall, these sectors correspond an implicit $700 cardinal accidental implicit the adjacent decade, fueled by AI, blockchain, renewable energy, and integer sovereignty demands.

Read Entire Article