We explore the mission needs, capabilities, and features essential for data-driven Low Earth Orbit (LEO) missions. Our discussion will focus on the critical role of onboard processing and storage capabilities required to meet these mission demands, providing a comprehensive understanding of how edge computing is revolutionizing space missions in LEO. Key Takeaways: Understanding Edge Computing Needs for LEO Applications, Onboard Processing and Storage Capabilities, what’s available today, and how do we bridge the gap, Explore the future trends in edge computing and how these innovations will shape the next generation of space services and applications