Plans by SpaceX and Blue Origin to move computing infrastructure into orbit are creating a potential new market for insurers, even as industry executives say the risks remain difficult to model and price. SpaceX filed with the Federal Communications Commission in January for up to 1 million satellites for an orbital AI data-center network, while Blue Origin filed in March for 51,600 data-center satellites in low Earth orbit. Elon Musk said Friday that "orbital compute" may become the only way to keep scaling AI by 2029 because of power availability and permitting constraints on land, a view broadly aligned with a JPMorgan model projecting SpaceX could reach about 9 gigawatts of terrestrial compute by 2029 before shifting incremental capacity additions to space. Insurers and reinsurers say the concept combines fast-growing AI infrastructure and commercial-space risks, with hazards including launch failures, radiation, hardware breakdowns, heat management, collisions and debris. About 30 insurers worldwide specialize in space coverage, with annual premiums of roughly $500 million to $750 million, far below what could be needed if hundreds of billions of dollars of orbital computing hardware are deployed.