💨 Abstract

Space solar startup Aetherflux, founded by Robinhood co-founder Baiju Bhatt, has raised $50 million in a Series A round to launch a low Earth orbit demonstration in 2026. The startup aims to create a constellation of satellites that can collect and transmit solar energy to ground stations on Earth. The funds will be used to hire more engineers, develop the payload for the satellite, and build the first ground station.

Courtesy: techcrunch.com

Summarized by Einstein Beta 🤖