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▶ 13:00 · $HOOD · Robinhood's mobile-native thesis validated; consumer product-market fit remains extraordinarily difficult
episode briefing
Kleiner Perkins

Data Centers in Orbit by 2028: Baiju Bhatt on His Plans After Robinhood

2026-08-24 · 6 company · 15 thematic
sentiment
3 bull0 bear3 neu
speakers
baiju bhatt

Physics and math background from Stanford; co-founded Robinhood in 2012 and scaled it to a public company over 14 years; left to pursue lifelong ambition of building a space company, self-funding the initial $10M+ seed for Cowboy Space (formerly Aetherlex) to develop orbital data centers using rocket upper stages as compute platforms.

quote
“The thesis behind Robin Hood was actually that mobile is this emerging platform... lo and behold, I think that thesis has borne out... building a consumer product that has mass market product market fit in my opinion is extraordinarily dif…”
—baiju bhatt

episode shorts · 2

Why Baiju Bhatt Is Betting on Space

How Two Stanford Kids Beat Wall Street

now playing · $HOOD
$COWBOY-SPACEbullish· high· posbaiju bhatt
Baiju Bhatt bets career on orbital data centers targeting 2028 launch
Cowboy Space uses rocket upper stages as both launch vehicle and data center heat sink, vertically integrating launch and compute to achieve unit economics competitive with terres…
$HOOD···neutral· mediumbaiju bhatt
Robinhood's mobile-native thesis validated; consumer product-market fit remains extraordinarily difficult
Robinhood succeeded by identifying mobile as an emerging platform for native financial services — a thesis that has borne out. However, achieving mass-market consumer product-mark…
$COWBOY-SPACEbullish· high· posbaiju bhatt
Baiju Bhatt seeds Cowboy Space with $10M, raises $365M to launch orbital data centers by 2028
Low Earth orbit is a platform for commercial activity; energy and compute will natively exist there. By using the rocket's upper stage as the data center — integrating solar power…
$HOOD···neutral· mediumbaiju bhatt
Robinhood co-founder applies consumer-product lessons to space data centers
Building mass-market consumer products requires finding needs incumbents missed; the same unit-economics discipline that drove Robinhood's mobile-first thesis now drives Cowboy Sp…
$COWBOY-SPACEbullish· high· posbaiju bhatt
Cowboy Space turns rocket upper stages into orbital data centers
Bhatt said Cowboy Space's architecture makes the rocket upper stage itself the data-center satellite and heat sink, eliminating separate spacecraft components to pursue lower-cost…
$SPCX···neutral· mediumbaiju bhatt
SpaceX launch capacity insufficient for Cowboy Space; vertical integration required
SpaceX will consume most of its own payload capacity for Starlink; Cowboy Space must vertically integrate launch to control unit economics and timeline for orbital data centers.