Baiju Bhatt, co-founder of Robinhood, has launched Aetherflux, a space company focused on beaming solar power from space. Aetherflux has raised $60 million to develop technology using fiber lasers to convert solar power into focused light, targeting receivers on the ground. The initial focus is on national defense, with the Department of Defense funding the program to provide energy to forward bases without fuel transport. Aetherflux aims to launch a demonstration satellite next year, with plans to expand into industrial-scale renewable energy.
Bhatt's inspiration comes from his father's work at NASA and Elon Musk's multi-industry success. Aetherflux is taking a "hardware-rich" approach, building and testing components while refining designs. The company aims to provide baseload renewable energy and emergency power, potentially revolutionizing energy distribution. Aetherflux is collaborating with DARPA and aims to leverage SpaceX's Starship for commercial space access.