The data centre that can't be switched off

“There is a problem with every data centre on Earth”

Every single one depends on a power grid, a cable route, a landlord and a jurisdiction. Each one is a point where compute can be switched off, severed, or seized, and each is getting harder to secure as AI demand grows.

Orbital data centres remove those dependencies entirely. They run on solar. They link space to space. They operate outside any single country's terrestrial infrastructure.

SpaceX has already identified orbital compute as a future delivery pathway for AI, quantifying its total market at US$26.5 trillion. Global AI data centre investment alone is estimated at US$5.2 trillion by 2030.

The race to orbit is already underway.

The piece nobody has built yet is the logistics layer that keeps those data centres running.

AI hardware turns over in a few years. An orbital data centre that cannot be delivered to, upgraded, refuelled, repositioned or retrieved becomes a stranded asset. Orbit2Orbit is building the servicing and logistics layer that prevents that, and in doing so, gains exposure to every orbital data centre, whoever builds and operates it.

It is the picks-and-shovels position on sovereign compute in orbit. O2O's addressable pool is US$26 billion per year by 2035.

Four Forces Are Now Converging

This is not a decade-away story. Four things are happening simultaneously:

1. Compute is moving up, and it ages fast. AI hardware is typically replaced within a few years. On the ground, operators swap racks. In orbit, nobody can, unless a logistics layer exists to deliver, upgrade and retrieve hardware. With global AI data centre investment estimated at US$5.2 trillion by 2030, and terrestrial capacity running into power, land and community constraints, that layer is what makes orbital compute compelling.

2. The AI race has become a defence infrastructure race. The recent White House AI summit put assurance at the centre of the operating model for superintelligence. The United States and its allies need more compute than adversaries, and that compute must stay available through attack or disruption. Orbital data centres and orbital connectivity can provide a geographically independent layer of continuity, not dependent on any single grid, cable route or operator.

3. Constellations need a lifecycle. Satellites, defence platforms and orbital manufacturing all require hardware qualification, deployment, inspection, replacement and eventual deorbit. That common servicing layer does not yet exist.

4. The incumbents already see the risk. O2O already is in discussions with a tier one US hyperscaler under an executed NDA, covering satellite connectivity and potential investment review of O2O's core mission. The proposed next step is an Atlas hosted test of selected cloud services during a simulated outage, preserving national access to compute and connectivity if undersea cables or terrestrial links are severed. Scope and success criteria to be agreed with the partner.

What Orbit2Orbit Is Building

Orbit2Orbit is developing the infrastructure required to move, service, refuel and redeploy assets in orbit, connecting space stations, orbital platforms and future space infrastructure.

The platform combines three things:

Lab2Space: a payload qualification and flight-validation service generating revenue today, with approximately US$25.0 million contracted and contracting

Atlas: a reusable orbital transport vehicle capable of rendezvous, docking, cargo delivery and servicing between platforms

Orbital Servicing Units (OSU): modular infrastructure integrated into partner stations, enabling docking, refuelling and cargo exchange

The model is deliberately staged: Lab2Space builds revenue and flight heritage first. Each technical milestone retires a specific risk. Nothing is built speculatively.

What Has Already Happened

Orbit2Orbit is not a concept deck. Here is what exists today:

US$25 million contracted and contracting (approximately US$15 million from TIIGS and Northstrive (pharma and biological payloads), plus approximately US$10 million progressing through contracting) and a qualified pipeline past half a billion dollars

4 spacecraft delivered to launch and orbit, with direct experience across spacecraft manufacturing, propulsion and mission execution

12+ successful missions across the leadership team

IP registered: propulsion and docking

System Requirements Review complete

Manufacturing HQ operational in Coomera, Australia

Lab2Space generating revenue through payload testing and flight-validation missions

Strategic discussions underway with: VAST, Voyager, Planet Labs and Apex regarding potential future requirements for assets operating in space.

Technology partnership discussions with Microsoft and Google, with NVIDIA to follow.

Potential areas include orbital AI, accelerated computing, cloud infrastructure, autonomous systems and space-based data centres.

Government engagement active with NASA, SpaceWERX, the Australian Space Agency and senior US defence leadership. Strategic procurement relationships, including Hui Huliau, may provide access to additional US government procurement pathways.

Listing already arranged.

The Roadmap: Four Milestones to Orbital Scale

2026: Lab2Space: Active Two additional flights in 2026 build revenue, customer evidence, payload qualification and flight heritage.

Late 2026 to Early 2027: Propulsion Testing: Planned Ground propulsion testing validates the core propulsion system and retires a critical technical risk ahead of Mission 0.

Q4 2027: Mission 0: Planned The first Atlas orbital demonstration targets technical validation of vehicle systems and early rendezvous and proximity operations. Atlas is currently at Preliminary Design Review (PDR), management assessed TRL 3.

End 2028: 5+1 Fleet: Vision O2O aims to execute five Atlas class vehicles plus one independent service vehicle, and to fly partner AI accelerator chips in orbit by end 2028. Subject to partner agreement, technical qualification, funding and launch access.

The Team

• Bradley Hatton-Jones, Founder and CEO: the team behind Australia's largest rocket factory; 20+ years of engineering across aerospace and mining
• Dr. Philippe Laniakea, CTO: former Head of Satellites at Gilmour Space; 17+ years in space vehicle manufacturing
• Amal Khatri, CSO: former Executive Director of the Space Programme at SANSA; 20+ years in spacecraft development
• 60+ years of combined aerospace experience across the leadership team, with proven experience across NASA, ESA and international space programmes
• Martin Attiq: cofounder of BlackRock Financial Markets Advisory; most recently Chief Business Officer at Astra Space. Brings space sales, partnerships and institutional capital
• Bradley Schneider: helped establish Rocket Lab USA; later Firefly Chief Revenue Officer; currently Firehawk Aerospace Chief Financial Officer
• Chris T. Hyland: more than 20 years across United States defence and intelligence, including Lockheed Martin, intelligence agencies and a decade supporting Space Systems Command

Valuation

O2O's current valuation is approximately C$19.0 million pre-money.

The re-rating pathway is clear: first orbital missions → commercial contracts → recurring revenue → flight heritage → government and strategic contracts

The Window Is Closing

O2O's pre-listing round closes on 12 November 2026.

The public listing is targeted for mid to late November 2026.

This is the last opportunity to participate at the pre-listing price before the company moves to a public market.

Your funds are released only once O2O lists, and returned if the listing does not complete in time.
Founder shares are subject to a three-year escrow from listing.

This article is for information only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities. The offering is made only through the subscription agreement and term sheet.