PowerBank Corporation (NASDAQ: SUUN) announced a partnership with Orbit AI to launch the Orbital Cloud, integrating satellites, AI hardware, blockchain, and clean energy tech in space. The company plans to invest $50,000 initially, with a potential for up to $10 million, pending final agreement before the December 2025 launch.

The collaboration aims to deploy solar energy systems and thermal controls for the satellite’s “Execution Layer.” CEO Dr. Richard Lu stated the combined markets for orbital satellites, data centers, blockchain, and solar-powered infrastructure could exceed $700 billion in the next decade, creating a globally sovereign, AI-enabled digital space layer.

The Orbital Cloud initiative targets growing markets like orbital infrastructure (expected to reach $21.3 billion by 2029) and the global satellite market (projected to expand to $615 billion by 2032). It also focuses on in-orbit data centers and satellite data services, representing a $700 billion opportunity driven by AI, blockchain, renewable energy, and digital sovereignty demands.

Read more at Yahoo Finance: PowerBank Eyes $700 Billion Space Market With Orbital Cloud Initiative