Billionaire Robinhood co-founder launches Aetherflux, a space-based solar power startup

Quick Summary:

It’s been the stuff of science fiction for decades: to provide gigawatts of cheap, clean power anywhere on Earth, day or night, using satellites that collect and transmit solar energy directly on orbit.

Past approaches have mainly studied sending up ultra-expensive, large spacecraft to geostationary orbit, where they could gather sunlight nearly all the time and beam it to a fixed point on Earth.

Bhatt, whose net worth tops $1.7 billion according to Forbes, has invested “millions” of his own capital into Aetherflux and is committed to funding through the first demonstration mission, a spokesperson said.

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Article Details

Author / Journalist: Aria Alamalhodaei

Category: Technology

Markets: United States

Topics: Baiju bhatt Space Aetherflux

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 13:00:00 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 634 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © TechCrunch

News ID: 22968595

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