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Aetherflux, a space solar startup founded by Baiju Bhatt, co-founder of Robinhood, has secured $50 million in Series A funding. The company aims to capture solar energy using satellites and transmit it wirelessly to Earth, with plans to target the Department of Defense as its initial market. The startup's first space demonstration is scheduled for 2026. The funding round was led by Interlagos and Index Ventures, with additional participation from other investors. This innovative approach to energy generation comes at a time of increasing global power consumption.
Here’s to the most relentless team, the most loyal customers, and the boldest investors I’ve ever known. @Astra is now hiring, shipping satellite engines, accelerating rocket testing and development, and will resume launches next year. Nothing can stop us now. Let’s do this! https://t.co/ynr5UoBWT3
Scoop: @Astra has raised $80m to get back to the rocket pad and has sold hundreds of satellite thrusters https://t.co/gIEnyFd83x
One of the more enjoyable stories over the last five years has been @ashleevance's insider coverage of Astra, @Kemp's willingness to engage, and a launch company that appears to be, however improbably, back from the dead. https://t.co/Xk9oLwlNAi
