Aetherflux, a space solar power startup founded by Robinhood co-founder Baiju Bhatt, is reportedly raising $250 million to $350 million in a Series B funding round, valuing the company at $2 billion. The Wall Street Journal first reported the fundraising, with Index Ventures leading the deal.
Founded in 2024, Aetherflux has raised approximately $80 million to date. The company has shifted its focus from transmitting electricity to Earth with lasers to powering space data centers. Aetherflux’s first data center satellite is expected to launch in 2027.
Company Context
Aetherflux, led by Baiju Bhatt, is developing power-generating technology for space applications. The company’s initial vision involved using lasers to transmit electricity from space to Earth, but it has since pivoted to focus on space data centers.
Industry Context
The space industry is witnessing a shift towards distributed compute architectures, with companies like SpaceX, Blue Origin, and Starcloud developing novel solutions. Aetherflux’s focus on space data centers positions it at the forefront of this emerging market.
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Source: TechCrunch