Baiju Bhatt is trying to pull an Elon Musk.

About 25 years ago, Musk sold his finance tech company PayPal and left dot-com life to get into rockets with the founding of SpaceX. Hardly anyone considered this a rational choice on Musk’s part. Space, after all, was where rich people went to blow their fortunes and fail.

For his part, Bhatt co-founded the investing service Robinhood in 2013 and has now decided to get into the space business as well via a start-up called Aetherflux. The company aims to build a network of solar panel-packed satellites that suck up sunshine and then beam it down to Earth via infrared lasers. Yes. Actual space lasers. What could go wrong?

The lasers would feed antennas and ground stations on Earth with energy. In theory, you could then direct power just about anywhere without needing to build a ton of infrastructure on the ground. Army convoys, data centers, etc. could just have electricity sent to them in remote areas.

Bhatt explains all of this in the episode and gets deep into his personal story. He also recounts starting and running Robinhood through its ups and downs, including being both beloved and despised.

Will the space lasers work? I dunno. It’s a lot. But we are fully in the era of trying new, bold ideas in Low Earth Orbit, and, well, I wrote a book predicting this very thing, and so am very much here for it.

The Core Memory podcast is on all major platforms and on our YouTube channel over here. If you enjoy the show, please leave a review and tell your friends.

This podcast is sponsored by Brex, the intelligent finance platform built to help companies spend smarter and move faster.

We run on Brex and so should you. Learn more about Brex right here.

The podcast is also made possible by E1 Ventures, which backs the most ambitious founders and start-ups.

This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.corememory.com/subscribe