Data Storage in Space? Here’s What Investors Should Know

Matthew DiLallo, The Motley Fool
·4 min read

Companies are trying to store as much data as they can, often turning to data center REITs (real estate investment trusts) and other third-party data center operators to house their excess information. The five-year-old start-up recently raised $40 million from investors to help turn its vision for space-based data storage into a reality. The company believes this method will be more environmentally friendly, scalable, secure, and private than Earth-based data centers.