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Robinhood Co-Founder Baiju Bhatt Launches Space-Laser Solar Company Aetherflux

Oct 9, 2024, 05:34 PM

Baiju Bhatt, the billionaire co-founder of Robinhood, has launched a new Silicon Valley startup named Aetherflux. The company aims to build a network of solar power stations in orbit, using small satellites to transmit power through infrared lasers. This space-laser technology is expected to provide high power output with small ground stations, making it particularly useful in hard-to-reach places. Bhatt's ambitious project seeks to source renewable energy from space, with plans to build a constellation of satellites that can beam energy to the Earth's surface. However, challenges such as astronomical capex, power losses along the way, and potential interference from clouds remain.