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0 0.00223718651423969 0.00221481464909732 -0.0075169466878454 -0.00440725743305225 2.23718651423766E-05 -0.00266225195194523 0.00223718651423969
Stock impact report

Space solar startup Aetherflux raises $50M to launch first space demo in 2026 [TechCrunch]

Lockheed Martin Corporation (LMT) 
Last lockheed martin corporation earnings: 4/21 07:30 am Check Earnings Report
Company Research Source: TechCrunch
The San Carlos, California-based startup, which came out of stealth last October , aims to eventually launch a constellation of low earth orbit satellites that can collect and transmit solar energy directly to “ground stations” on Earth. It's an idea that was initially triggered by Isaac Asimov's 1941 short story “Reason.” Bhatt is focused on turning this science fiction-inspired concept into reality. But first, Aetherflux needs to get a satellite to orbit to prove out the tech, to “demonstrate that we have made this transformative progress of going from humans not having power from space to, for the very first time, there being power from space for humans,” Bhatt, the startup's founder and CEO, told TechCrunch. At least, that's the goal with next year's launch, which will be supported by the fresh capital Aetherflux has raised. The round brings Aetherflux's total funding to $60 million after Bhatt invested $10 million of his own funds into the company. The Series A round was led Show less Read more
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