""Let the record show we never lifted our pivot foot - it wasn't a travel. The light bulb went off about a year ago that, actually, if you wanted to power AI with the technology that we were thinking about, it would be much more advantageous to actually put the chips in space, rather than project the power from space down to a terrestrial data center.""
""Our goal is to build something that competes with terrestrial economics.""
Aetherflux, a space solar power startup founded by Baiju Bhatt, is seeking to raise $250 million to $350 million in a Series B funding round, which would value the company at $2 billion. The company has raised about $80 million since its inception in 2024. Recently, Aetherflux has shifted its focus from transmitting electricity to Earth using lasers to developing power-generating technology for space data centers. The first data center satellite is expected to launch in 2027, with plans to compete with terrestrial economics.
Read at TechCrunch
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