Space startup Aetherflux, co-founded by Robinhood's Baiju Bhatt, is securing $250-$300 million in its Series B funding round at a $2 billion valuation, as reported by The Wall Street Journal. The company aims to build solar-powered satellites capable of processing artificial intelligence workloads in orbit, creating a new class of orbital data centers. This valuation places Aetherflux among a select group of space ventures achieving unicorn status, reflecting investor confidence in the emerging market for edge AI computing beyond Earth's atmosphere.

The funding will accelerate development of their proprietary satellite technology designed to handle massive AI computations where data transmission delays are minimized.