California-based startup Aetherflux plans to deploy a constellation of low-orbit satellites by 2026 to transmit energy from space to Earth using infrared lasers. Co-founded by Robinhood CEO Baiju Bhatt, the company aims to enhance energy distribution efficiency through multiple satellites and small ground receivers. Aetherflux has secured $60 million in funding from investors including Bill Gates' Breakthrough Energy Ventures, Index Ventures, and Andreessen Horowitz. The initiative, supported by the U.S. Department of Defense, seeks to provide energy solutions for battlefields. Aetherflux faces competition from Cal-Tech, Virtus Solis, the UK's Space Solar, and China's recent orbital solar station project.