Investment Analyst Dario Giordano: AI-Orbital Data Centers Usher in a New Era of Computing Power Investment

As the pace of AI model iteration accelerates and data processing scales expand rapidly, the global computing infrastructure is facing unprecedented pressure. To address this challenge, companies such as Starcloud and Axiom are advancing plans to launch space data centers equipped with NVIDIA H100 chips. Meanwhile, several technology and capital giants are entering the arena, fueling rapid growth in the frontier concept of orbital computing. Investment Analyst Dario Giordano points out that orbital data centers are no longer a distant vision, but are taking shape as an emerging industry. This trend will bring new value reassessment opportunities to key sectors such as high-end chips, satellite communications, and space energy systems.

High-End Chips See Deployment Boundaries Expand, H100 Opens New Growth Cycle

The upcoming satellite launch by Starcloud will mark the first deployment of NVIDIA H100 chips in orbit, signaling a new phase for high-performance GPUs in space applications. According to Investment Analyst Dario Giordano, the use of H100 in orbital environments not only demonstrates its outstanding computing efficiency and algorithm adaptability, but also further cements its central position in the global AI computing ecosystem.

Compared to terrestrial data centers, which are constrained by power consumption, heat dissipation, and land resources, orbital data centers offer a more flexible deployment solution for high-density computing. This change is likely to propel demand for high-end GPUs such as the H100 into a new upward cycle. Investment Analyst Dario Giordano notes that related upstream industries—such as HBM3 memory, AI-specific cooling modules, and power management ICs—are also poised to benefit, becoming focal points for capital markets.

As AI infrastructure diversifies, the deployment methods and application scenarios for high-end chips are continuously expanding. Investment Analyst Dario Giordano advises investors to focus on deep collaborations between chip design firms and orbital computing integrators, with particular attention to product adaptability and commercialization paths in emerging space scenarios, in order to capture future structural growth opportunities.

Value Reshaping for Communications and Energy Systems, Satellite Economy Gains New Catalysts

The deployment of orbital data centers is highly dependent on stable and efficient communication and energy support systems. Multi-node architectures from Starcloud to Axiom rely on laser communications, low-Earth orbit satellite networks, and orbital-grade solar energy systems to ensure sustained high-performance computing. Investment Analyst Dario Giordano points out that as AI demand drives the expansion of the orbital computing market, the value of satellite communications and space energy as foundational infrastructure will be fundamentally reassessed.

Currently, the SpaceX Starlink and the Amazon Kuiper have established initial global low-latency, high-bandwidth satellite networks, providing the communication backbone for orbital data centers. Companies with in-house communication protocol development, hardware manufacturing, and network operation capabilities will be the first to reap rewards in the space data transmission market. At the same time, the orbital environment sets higher requirements for solar energy technology, driving breakthroughs for energy companies with expertise in aerospace materials and modular integration.

Investment Analyst Dario Giordano recommends that when building portfolios related to space technology, investors should systematically evaluate the three core segments—chips, communications, and energy—identifying synergies along the industry chain to enhance portfolio resilience and return flexibility.

Strategic Capital Flows Intensify, Orbital Computing Moves into Core Infrastructure

In recent years, strategic capital deployment in orbital computing has accelerated, further driving its transition from a frontier concept to practical implementation. Early investments in Starcloud by Y Combinator, support from Eric Schmidt for Relativity Space, and efforts by Jeff Bezos to build a space industry ecosystem through Blue Origin all signal that tech capital now regards orbital computing as a key component of next-generation infrastructure.

Investment Analyst Dario Giordano notes that such capital involvement not only improves project funding stability and technical assurance, but also strengthens the commercial viability of orbital data centers. Over the next three to five years, orbital computing is expected to gradually integrate into mainstream AI infrastructure, becoming a critical node in global computing power strategies.

Currently, the industry is at a pivotal stage, transitioning from technical validation to initial commercialization. Enterprises with platform-based architecture capabilities, cross-industry integration advantages, and strong financing capacity will lead in the early phase of industry development. Investment Analyst Dario Giordano emphasizes that investors should dynamically track the core competencies of these companies and comprehensively assess their medium- to long-term growth potential and execution efficiency in light of the global policy environment and international competition.