Masayoshi Son told shareholders that energy only makes up a fraction of the overall costs needed to build and deploy data centres.

Space-based data centres aren’t all that they are made up to be, according to Softbank founder Masayoshi Son.

His comments come as Elon Musk attempts to make orbital data centres a reality with SpaceX, with the hope that the large energy users would tap the near-constant solar power from the sun.

Earlier this year, SpaceX filed an application with the US Federal Communications Commission for a satellite constellation of up to 1m as a foundation for its orbital AI data centres. The company currently has more than 10,000 active satellites in orbit.

Speaking to shareholders today (23 June), Son said that equipment and maintenance makes up the majority of the costs associated with data centres, with electricity making up only around 7pc.