Cost scaling theory: The core value of space computing power lies not in power saving or heat dissipation, but in the cost of entering orbit. If "$ per kilogram" doesn't come down, this business is just expensive science fiction stories in business.

The indicator revolution: The Tokens per Watt per Dollar in 2026 industry indicators have shifted from surface energy efficiency to orbit. Whoever can deliver the most computation with the cheapest logistics is the winner

Tokens per Watt per Dollar: Reconstructing the financial boundaries of AI 💹

On the surface, the cost structure of AI is locked in by three factors: wholesale electricity prices, cooling water costs, and land tax.

But within the framework of orbital economics in 2026, we see a counterintuitive financial model. According to the latest industry data, the cost of space energy is about $0.005/kWh, which is only 1/15 of the surface wholesale electricity price. More importantly, the space environment has eliminated dependence on freshwater resources. When Silicon Valley's data centers face regulatory pressure due to excessive water use, track computing provides a "financial back door" that completely jumps off the cost of the surface environment.

This sparked a key indicator revolution: Tokens per Watt per Dollar. For AI companies, as long as Starship or Neutron rockets can reduce the cost of a single deployment to a critical point, space is no longer an expensive laboratory, but the cheapest "computing power plant" in the world.