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Last edited by 30Four (talk | contribs) 3 days ago. (Update) |
| Company type | Private |
|---|---|
| Industry | Renewable energy |
| Founder | Baiju Bhatt |
| Headquarters | |
| Website | aetherflux |
Aetherflux is an American renewable energy company founded by Baiju Bhatt, the co-founder and former co-chief executive officer of Robinhood. The company seeks to expand upon and commercialize space-based solar power, an old concept of collecting solar power in space with solar power satellites and transmitting it to Earth.[2]
Background
editIn October 2024, Bhatt, the co-founder and former co-CEO of Robinhood, announced his new company, Aetherflux. His interest in space stemmed from his father’s work as a scientist at NASA’s Langley Research Center. Bhatt had stepped down from his role at Robinhood to focus on an unnamed company in March of 2024, eventually revealing itself as Aetherflux. The company plans to build a constellation of satellites that collect solar energy in space via solar panels, distributing the energy back to ground stations on Earth through infrared lasers.[3]
Space-based solar power can be traced back to science fiction writer Isaac Asimov’s 1941 short story, Reason, while the name of the company was inspired by the idea of aether theories.[3]
References
edit- ^ Einhorn, Bruce (October 9, 2024). "Billionaire Backs Space-Laser Solar Startup After Robinhood Exit". Bloomberg News.
- ^ Berger, Eric (21 October 2024). "Solar power from space? Actually, it might happen in a couple of years". Ars Technica.
- ^ a b Karlin, Susan (11 October 2024). "Robinhood cofounder Baiju Bhatt wants to create the Starlink of solar power". Fast Company.