Aetherflux, a startup founded by Robinhood's co-founder Baiju Bhatt, secured $50 million in its Series A funding round to develop a groundbreaking solar energy initiative. The company plans to launch its first demonstration satellite in 2026, with hopes of creating a constellation of satellites that will collect solar energy and transmit it to Earth. This project, inspired by Isaac Asimov's science fiction, will require further investments in engineering and technology. The funding will accelerate Aetherflux's mission to transform energy distribution using space technology, representing a significant step towards harnessing power from space.
Aetherflux aims to revolutionize energy transmission by launching a constellation of satellites that collect solar energy and transmit it to Earth, beginning with its first demo in 2026.
Bhatt emphasizes the importance of proving the technology with the first satellite launch, aiming to show that power can be harnessed from space for human use.
The recent $50 million Series A funding will be utilized to hire engineers and further develop the technology needed for Aetherflux's ambitious space solar project.
Aetherflux is inspired by the vision of Isaac Asimov's science fiction, and the team is working to transform this notion into a functional energy solution.
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