Aetherflux seeks $2B valuation in Series B

Space solar power startup Aetherflux, founded by Robinhood's Baiju Bhatt, is reportedly in talks to secure $250 million to $350 million in a Series B funding round, aiming for a $2 billion valuation. The company has shifted its focus from transmitting power to Earth via lasers to developing space-based data centers, a move Bhatt believes is more advantageous for powering AI. Aetherflux has already raised approximately $80 million since its 2024 inception and plans to launch its first data center satellite in 2027, with the goal of competing with terrestrial data center economics.