Baiju Bhatt, co-founder of Robinhood, has announced a new initiative, Aetherflux, aimed at transmitting solar power from space to Earth. The project is attracting attention to innovations in renewable energy.
How Aetherflux is Drawing Attention to Renewable Energy
Baiju Bhatt, a notable figure in financial technology, is shifting focus to **renewable energy** through Aetherflux. The project envisions **beaming solar power from space**, marking a significant venture into aerospace.
Aetherflux's Funding and Lack of Impact on Crypto Markets
The initiative has raised **$60 million** for further space-based energy exploration. It is noteworthy that the project **does not involve** cryptocurrency elements, and no significant influence on major cryptocurrency assets like **ETH or BTC** has been observed.
Challenges Facing Space-Based Solar Energy
Space-based solar power attempts, such as those by Caltech and JAXA, have experienced limited success. Bhatt’s vision continues a **challenging path** of integrating space tech into energy solutions. Expert views from Kanalcoin suggest that while innovative, the project isn’t poised to **impact cryptocurrency markets**.
The history of Aetherflux under Baiju Bhatt marks an important attempt to integrate space technologies into renewable energy, though cryptocurrency communities remain outside its sphere of influence.
