Robinhood’s co-founder is beaming up (and down) the future of energy

Baiju Bhatt, co-founder of Robinhood, is embarking on an ambitious new venture aimed at harnessing solar energy from space. With a significant $50 million Series A funding, Bhatt's startup, Aetherflux, has set its sights on deploying solar power-collecting satellites in low Earth orbit. The company is planning a demonstration flight scheduled for 2026, which aims to transmit clean energy back to Earth. In a recent discussion with Rebecca Bellan on TechCrunch’s Equity podcast, Bhatt shared insights on his transition from fintech to the cutting-edge realm of frontier technology. He elaborated on the challenges and opportunities involved in establishing a deep tech company and provided a glimpse into the expected landscape of investor interest in the space economy by 2025. For those who missed Bhatt's appearance at the recent StrictlyVC Menlo Park event, there will be another opportunity to catch the action as StrictlyVC heads to Palo Alto. Stay tuned for more updates, and don’t forget to subscribe to the Equity podcast for the latest discussions on technology and investment trends.