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> But it's never going to come close

never? I doubt that.

Technology will improve over time. Eventually I bet it will become cheaper.

Have you tried building in the U.S.? Why do you think it's so expensive to build in the U.S.? It's due to regulation and red tape.

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The security advantages are enormous since access to space is so tightly restricted and controlled, compared to the access potential of a land based data center. Only risk in space is maybe we start WWIII with china and the US directly trading blows. On the ground, any insurgent group can disable your infrastructure. Nothing is truly safe on the surface of the earth. Anyone can strap a bomb on a drone now. See examples from the currently active wars.
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It costs at least 50x more to put a GPU in space than it does on Earth. For that price you can have dozens more capacity in bunkers, under the sea, or on remote islands. Do you think your insurgents are going to get all two dozen? They could travel to the far corners of the earth, destroying 22 of them, and you'd still be ahead. Further, I wouldn't be surprised if a satellite with such a monstrous solar and radiator footprint wouldn't be susceptible to a laser based attack from the ground; either frying it or pushing it into an unstable orbit by vaporizing a few bits.
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What? No, exactly the opposite. It's very easy to jam radio signals and much harder to cut wires. There's a reason the drones on the front lines in Ukraine are dragging fibre optic lines these days.
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There's probably so many ways to get around that with space based technology. I can quickly imagine several methods. It depends on what the system is for which might be a good method to use.

Method 1: same as how u2 planes dumped their data: air drop physical media containing data and catch it in the air.

Method 2: laser based emission to specific detectors.

Method 3: baseball style communication: station is under observation and manipulates in some way to serve as a signalling language.

Method 4: numbers station

Method 5: bill yourself as an isp and have some coded syntax that can be supplied in plain sight with the rest of isp traffic.

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Method 1: Sure datacenters with latency measured in several hours sure are useful, and can also be intercepted Method 2: Can be jammed by drone with laserpointer. Method 3: Let me just transfer gigabytes of data via physical signalling Method 4: Can still be jammed Method 5: Can in fact still be jammed?
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But more and more Ukraine is using long range drones guided by SpaceX
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