SpaceX Holder Fidelity Sees Path for Musk’s Data-in-Orbit Vision

Elon Musk’s bold vision for putting AI data centers in space, tapping into solar power and bypassing terrestrial worries such as electric grids and neighbors’ opposition, hinges on SpaceX’s ability to perfect its Starship booster.

“Conceptionally it makes a ton of sense in the longer term to be thinking about data centers in space,” said Karin Fronczke, head of global private equity investments at Fidelity Investments, which is an investor in closely held SpaceX. “The question of course becomes what you were just talking about: Is it economical? And frankly what we’ve been watching for as investors is Starship.”