Overview
- PowerBank says it will invest $50,000 initially, with an option to raise that to $1 million for 2% equity or, subject to Orbit AI approval, up to $10 million for 20% equity.
- The Orbital Cloud concept integrates satellite connectivity, AI compute and blockchain verification in low Earth orbit using solar power and space-based cooling.
- PowerBank plans to supply advanced solar generation and adaptive thermal control technologies for satellites’ execution layer.
- The roadmap calls for Genesis-1 to fly in Q4 2025 carrying an Ethereum wallet, a blockchain node and an initial AI inference payload, expanding to 5–8 orbital nodes in 2026 and targeting commercialization in 2027–2028.
- Partners and suppliers cited for the effort include the Ethereum Foundation for blockchain frameworks, NVIDIA for AI GPUs, Galaxy Space for satellite manufacturing elements, Galactic Energy for launch systems, SparkX Satellite for the Genesis-1 build and AscendX Aerospace for advanced materials, with market opportunities described by the companies as exceeding $700 billion over the next decade.