2 results found
Aetherflux, founded by Robinhood co-founder Baiju Bhatt, is reportedly raising a Series B round of $250M-$350M at a $2 billion valuation, with Index Ventures leading. The startup has strategically pivoted from space solar power to developing space data centers for AI, aiming to launch its first orbital data center by 2027. This move places Aetherflux in a competitive emerging market alongside other major space companies.
In 2025, US solar power generation achieved a significant milestone, growing by 35% to surpass hydroelectricity for the first time. Despite this renewable surge, overall electricity demand increased by 2.8%, leading to an unexpected 13% rise in coal consumption due to complex market dynamics affecting natural gas. Looking ahead, 2026 is projected to see substantial additions in solar and wind capacity, aiming to further integrate renewables into the national grid.
