Space

Robinhood Billionaire’s Solar Space Firm Raises $50 Million

Illustration of a proposed ground station to receive power from Aetherflux satellites.
Source: Aetherflux

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By Bruce Einhorn

April 2, 2025 at 12:00 PM UTC

Updated on

April 2, 2025 at 4:02 PM UTC

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A Silicon Valley startup run by the billionaire co-founder of brokerage firm Robinhood Markets Inc. is receiving new funding for a plan to build a solar power grid in orbit.

Baiju Bhatt’s Aetherflux Inc. announced on Wednesday a $50 million fundraising round co-led by Index Ventures and Interlagos.