Robinhood Co-Founder Ventures Into Space-Based Solar Power

Baiju Bhatt, a notable name in the financial technology sphere, is shifting focus to renewable energy through Aetherflux. The project envisions beaming solar power from space, marking a significant venture into aerospace.

The initiative, announced at a TechCrunch event, is spearheaded by Bhatt, who is known for co-founding Robinhood. It raises $60 million to further space-based energy exploration and does not involve cryptocurrency elements.

The project has not influenced major cryptocurrency assets like ETH or BTC. No immediate market reactions were observed, and Aetherflux has yet to establish a crypto or blockchain connection.

The focus remains on aerospace and renewable energy innovation, with speculative interest mainly from tech communities. Despite robust funding, crypto circles remain uninvolved, with no token issuance planned.

Space-based solar power attempts, such as those by Caltech’s solar power demonstrator and JAXA, have experienced limited success. Bhatt’s vision continues a challenging path of integrating space tech into energy solutions.

Expert views from Kanalcoin suggest that while innovative, the project isn’t poised to impact cryptocurrency markets. Data and past trends indicate a primary focus on energy breakthroughs rather than blockchain integration.

Baiju Bhatt, Founder, Aetherflux – “Until you do stuff in space, if you happen to be an aerospace company, you’re actually an aspiring space company.” TechCrunch