Aetherflux has successfully raised $50 million to develop a space-based solar power system that will utilize a constellation in low Earth orbit to provide continuous energy. The target customers for this initiative include military operations and disaster relief efforts, where traditional power infrastructure is often unavailable. In a related development, Drew Baglino, the former Senior Vice President of Powertrain and Energy at Tesla, has launched a new company named Heron Power. The startup is also in the process of raising $50 million in Series A funding to create next-generation transformers aimed at improving electric grid efficiency. As both companies move forward, the potential for space-based solar power is gaining traction, although experts emphasize the need for U.S. government support to realize its full potential.