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🗞️ Driving the news: Aetherflux, a startup developing space-based solar power (SBSP) systems, has raised $50 million in a Series A round to advance its vision of laser-beamed energy from orbit
• The funding—led by Index Ventures and backed by Breakthrough Energy Ventures, Andreessen Horowitz, and others—will help support the company’s first demonstration mission, scheduled for 2026
🔭 The context: Unlike traditional SBSP concepts involving massive microwave-transmitting satellites in geostationary orbit, Aetherflux is betting on a more nimble, laser-based constellation approach
• The concept of harvesting solar energy in space and wirelessly transmitting it to Earth has existed since the 1970s but has been stymied by technical complexity, cost, and scalability issues
• Aetherflux founder Baiju Bhatt, previously of Robinhood, sees iteration and modularity as the key to finally unlocking this high-potential frontier
🌍 Why it matters for the planet: If scalable, space-based solar power could provide clean, continuous energy—unaffected by weather or daylight cycles—and bolster energy security in remote or disaster-stricken regions
• Defense applications, like powering forward bases, offer a lucrative entry point
• Yet, transmitting high-energy beams from orbit raises safety, regulatory, and environmental concerns that will require rigorous oversight
• However, this innovation could one day reshape the global energy mix, especially where terrestrial renewables face constraints
⏭️ What's next: With lab-scale transmission already demonstrated, Aetherflux is now pushing toward an in-orbit test in low Earth orbit (LEO) to prove real-world feasibility
• The company is also tapping into U.S. defense funding via the Operational Energy Capability Improvement Fund (OECIF) to validate early military use cases
• Meanwhile, investors signal confidence in Bhatt’s vision, even as technical, regulatory, and geopolitical hurdles loom large
• The next 12–18 months will be critical as the startup moves from concept to credible demonstration
💬 One quote: “This is a big bet… tackling a problem that matters, with a plan grounded in reality. The future of energy is in space.” — Jan Hammer, Index Ventures
📈 One stat: Aetherflux’s founder has already invested $10 million of personal capital, in addition to the new $50 million raise
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