Aetherflux, a space startup developing orbital data centers, is raising a new funding round at a $2 billion valuation, according to people familiar with the situation. The startup, founded and led by Baiju Bhatt, co-founder of Robinhood Markets, aims to raise between $250 million and $300 million in its Series B round, some of the people said. Existing investor Index Ventures is leading the deal, those people said. San Carlos, Calif.-based Aetherflux plans to launch its first orbital data center in the first quarter of 2027. The company has said solar energy will supply the data centers located on its satellites with the electricity needed to perform artificial-intelligence computations. It’s also developing ways to deliver solar energy from orbit to Earth using lasers.

Full exclusive : Aetherflux, founded by Robinhood co-founder Baiju Bhatt to develop orbital data centers, aims to raise $250 million to $300 million in a Series B at a $2 billion valuation.

For more see the OODA Company Profile on Aetherflux.