Aetherflux has reportedly raised a Series B worth $2 billion

Aetherflux, the space solar startup launched by Robinhood founder Baiju Bhatt, is in talks to raise between $250 million and $350 million for a Series B round that would value the company at $2 billion.

It was a fundraiser Reported for the first time By The Wall Street Journal, which said Index Ventures was leading the deal. Aetherflux has raised about $80 million since its founding in 2024. Aetherflux declined to comment.

Aetherflux has shifted its focus in recent months as it pushes its power generation technology toward space-based data centers, with a focus on transmitting electricity to Earth using lasers its initial vision. Space companies such as SpaceX, Blue Origin, Starcloud, and others are now developing new architectures for distributed computing in space.

“Let the record show that we never lifted our pivot foot — it wasn’t a flight,” Bhatt joked in an interview with TechCrunch last week. “The light bulb went off about a year ago, and in fact, if you wanted to power AI with the technology we were thinking about, it would be much more beneficial to put the chips in space, rather than directing power from space to a terrestrial data center.”

While the company plans to continue its experiments with laser power transmission on a satellite bus built by Apex Space, the company’s first data center satellite is expected to launch in 2027. “Our goal is to build something that rivals the economics of Earth,” Bhatt said.

He – she It won’t be easy.