Very long baseline radio interferometry (VLBI) with ground-based observatories is limited by the size of Earth, the geographic distribution of antennas, and the transparency of the atmosphere. In this whitepaper, we present Capella, a tentative design of a space-only VLBI system. Using four small (<500 kg) satellites in two orthogonal polar low-Earth orbit planes, and single-band heterodyne receivers operating at frequencies around 690 GHz, the interferometer is able to achieve angular resolutio...