Aetherflux, emerging from stealth Wednesday, says it is developing a novel design for space-based solar to unlock this energy source for the first time. The startup was founded by Baiju Bhatt, the co-founder of financial trading platform Robinhood, who said he became interested in the rapid commercialization of space. "The thing that's always been my interest is, how do you bring more capitalism to space?"
If you're bullish on hard tech as an investing category, then this will be very good news: I learned this week that Interlagos, the venture capital firm started by former senior SpaceX leaders, is looking to raise $550 million for its first venture fund. Prospective LPs are no doubt drawn to the bona fides of the founding team, which includes Achal Upadhyaya, a senior engineer at SpaceX for a decade before leading investments in space and defense at Cantos Ventures.
This week in "women are awesome" news: Five years ago on October 18, NASA astronauts conducted the first-ever all women spacewalk, a historic milestone showcasing the significant contributions of women in space exploration and emphasizing the importance of gender representation in STEM fields.
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