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Closing Bell

Manifest Space: Space-Based Solar Power with Aetherflux CEO Baiju Bhatt 2/13/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 13 February 2025

⏱️ 32 minutes

🧾️ Download transcript

Summary

Baiju Bhatt, co-founder of Robinhood, has set his sights on a new moonshot: space-based solar power. His new venture, Aetherflux, looks to hone solar power through a constellation of satellites—where each payload will transmit power to ground stations via infrared lasers. He joins Morgan Brennan to discuss his transition from financial technology to space, his vision for the technology, and what it could mean for surging energy demand on earth.

Transcript

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0:00.0

Beju Bot is best known for co-founding Robin Hood, the online trading platform he helped lead until last year, stepping away from the day-to-day operations.

0:11.0

Now, Bot is busy working on another moon shot, one that's even more ambitious.

0:17.0

I had this passion for commercial space, and in particular, what was possible with space

0:21.5

if access to orbit was really there.

0:24.8

I was drawn towards the idea of space solar power, which is what aether flux is, coming

0:30.0

back to the question that you actually asked.

0:33.8

And I think the thesis behind this was always like, what are distinct commercial opportunities

0:38.4

from what people are doing in space right now that could be unlocked in a world where

0:44.0

commercial access to spaces much more broad.

0:47.6

Enter Atherflux.

0:49.2

Unveiled last October, it is bot's big bet on revolutionizing the power grid from space.

0:54.9

The concept, or at least some version of it, has existed for decades.

0:59.0

But no one has been able to pull it off, at least not yet.

1:03.2

So the idea was you would build one monolithic array in space, which would collect power

1:08.1

and then beam it down to the ground with microwaves. This was the old

1:11.3

NASA idea from the 1970s. Very cool idea. Hasn't happened. Our approach is a little bit different.

1:18.6

And instead of building one monolithic array in orbit, our approach is to say, hey, if you wanted

1:23.8

to take this concept and try to make it happen in 2025, what are the underlying

1:29.6

component technologies that could make this possible and kind of ask the question, like,

1:34.5

what is the version of this that could exist today?

1:37.4

And our answer to that is building a constellation of smaller satellites flying in a much

1:43.0

lower orbit, where each satellite, when it gets to space,

...

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