The billionaire entrepreneur launched Silicon Valley startup Aetherflux to bring renewable energy from space to remote parts of the globe.

Aetherflux, founded by Baiju Bhatt, plans to build a constellation of satellites that can beam renewable energy to the surface using lasers.

The billionaire co-founder of Robinhood Markets Inc. is targeting outer space with a new Silicon Valley startup to build a network of solar power stations in orbit.

It’s been the stuff of science fiction for decades: to provide gigawatts of cheap, clean power anywhere on Earth, day or night, using satellites that collect and transmit solar energy directly on orbit.

Robinhood Markets is planning to roll out more brokerage services in the U.K. as the fintech giant seeks to expands its business outside its home market of the U.S.