Robinhood Co-Founder Opens Up About Losing $1B in Months | The WSJ Money Interview
Baiju Bhatt, the billionaire co-founder of Robinhood, shares his grueling journey to build the financial app Robinhood. In 2024, he ...
Co-Founder, Robinhood Markets
Search every verified Baiju Bhatt interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Baiju Bhatt, co-founder of Robinhood, has been promoting his new ventures, Aetherflux and Cowboy Space Corporation, which he described as a space-based energy company. In multiple interviews, Bhatt stated that the company aims to address what he called the "AI energy crisis" by building vertically integrated data centers in orbit and developing a "power grid in space." He said the first application for this technology would be to power remote Department of Defense installations, arguing that eliminating fuel transport to the battlefield would reduce danger. Bhatt also said that his motivation for starting the company came from a belief that the space industry had been "by the government, for the government, at government prices" and that he wanted to "increase the commercial envelope of space." Reflecting on his time at Robinhood, Bhatt said the company was founded during the Occupy Wall Street era with the thesis that a generation of young people would start investing if given a product they wanted to use. He described the company's mission as putting "the power of capitalism in people's pockets." Bhatt also offered advice to aspiring entrepreneurs, urging them to "stop talking to me and go work on your idea" and stating that "if you dream small, guess what? Get ready to live small." He attributed success in entrepreneurship to having "almost an irrational belief in yourself."
“I think it sometimes takes an outsider looking in with the perspective of, like, no, actually participating in America's financial system is not a bad thing. It's, like, actually the, you know, very directly, it's the envy of the world. And our generation of young people, we should make tools that make it straightforwa...”
“I started this company with the idea that collecting power in orbit was this untapped natural resource for humanity because of the abundance space in space and the fact that if you're in the right orbits, you can have solar panels, they're gonna be illuminated by the sun nearly continuously. And so, you kind of address...”
“The thesis of the company wasn't that we were going to build a great product just for the people that invest today. The thesis was there's this generation of people that if you give them a product that they want to use will actually start investing.”
“The application that we're building for first is actually to power remote DoD installations. Like it's kind of you could probably teach me a lesson on this, but fuel transport to the battlefield is very dangerous. Right. Imagine just snipping that supply chain altogether and you have this little receiver dish and all o...”
“The backdrop when we had the idea for Robin Hood was Occupy Wall Street. And it was a time when a generation of young people kind of looked at the markets. They looked at the capital market system and they said this is broken. This is not for us and it favors the very few. And there was a sentiment around the time of l...”
“We viewed access to markets as kind of a microcosm of what people are frustrated about. If we as technologists with some insight into how this younger generation people feel could address even this problem around the cost and the accessibility of the markets then we could actually have a real impact on that feeling eve...”
“We're actually building, we're solving the biggest, we think one of the biggest problems for scaling AI, which is access to energy infrastructure. And the way that we think that this problem is going to be solved is not on Earth. We think that space is kind of an inevitable destination for powering the growing and grow...”
“Don't wait. I think this is the thing that I oftentimes get approached by people that want to be entrepreneurs and they like, well, I've thought about it, you know, and like whatever the the idea is. Well, I've been tinkering on it and I think this is the right idea and I'm just waiting for the right time to do it and...”
“Robinhood, when I started that company, was about empowering specifically the next generation of consumers to be a part of the financial system. And the way that we did it is that we put the power of capitalism in people's pockets. And when you do that, you can have these sort of like generational viewpoints change wit...”
“My observation and kind of my lived experience growing up was that the space industry, despite being this fantastically important thing, has largely been by the government, for the government, at government prices. Said differently, decidedly the flavor of capitalism felt unexplored, underdeveloped. And I think that th...”
“We're trying to solve what we believe is one of the most important problems in scaling artificial intelligence and by extension one of the most important problems for our American and global economy, which is access to the energy to power artificial intelligence. In service of doing that, we're building a vertically in...”
“The most obvious and the most sort of resonant one is that you have access to truly abundant power from the sun. And that you can capture it in an environment where it's captured before it ever hits the atmosphere, right? So, there's no cloud cover, day-night cover that impacts the way it generates power. And fundament...”
“If you're talking, if you're thinking about this, like stop talking to me, leave and go get started right now cuz it will never ever ever be easier than it is right now. Like just if you if you think you want to do it, just try. Like there's no right or wrong answer to this stuff. And if you overthink it, um, you know,...”
“I think the best entrepreneurs or the people that really make it. It's interesting. There's like um how to say it like you have to have like almost an irrational belief in yourself and an irrational belief in your ability to do whatever the heck it is you're trying to do because generally speaking if you look at the se...”
“If you dream small, guess what? Get ready to live small, right? Um if you dream big, you have a chance of like making something big happen. So you might as well dream big because whether it's an easy idea, quote unquote, or a hard idea, quote unquote, they're all got a certain level of hard to them. And you know the ki...”
Baiju Bhatt, the billionaire co-founder of Robinhood, shares his grueling journey to build the financial app Robinhood. In 2024, he ...
Baiju Bhatt is the Founder and CEO of Aetherflux, a space-based solar energy startup launched in 2024 that aims to beam power ...
Silicon Valley innovator Baiju Bhatt sits down at the legendary HP Garage to discuss his latest and most ambitious venture yet, Cowboy Space Corporation. Subscribe to FORBES: https://www.youtube.com/user/Forbes?s... Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT…
Serial entrepreneur and Cowboy Space Corporation CEO Baiju Bhatt breaks down how his new venture plans to solve Earth's looming AI energy crisis by launching vertically integrated data centers into orbit. 00:00 - Panel Introduction & The Impact of the Artemis Lunar Mission 01:29 - Growing Up Around NASA & The Motivation to Enter Aerospace 03:36 - The Entrepreneurial Journey: Moving From Robinhood to Rockets 04:54 - Applying Commercial Capitalism and Changing Generational Viewpoints 08:01 - Introducing Cowboy Space Corporation & Solving the AI Energy Crisis 09:06 - Rocket-to-Satellite Architec…
In this episode of PodCrash, Matt Ebert sits down with Baiju Bhatt, co-founder of Robinhood, to talk about entrepreneurship, big ideas, and what it really takes to build something ambitious. Baiju reflects on the early days of Robinhood, hearing “no” from countless investors, and why the best founders often have an irrational belief in themselves before anyone else does. He explains why easy ideas are not actually easier, why dreaming small usually leads to building small, and how founders have to keep iterating until they find what works. They also get into what Baiju is building now with C…
Hey everyone good afternoon how's everybody doing welcome back um can go back to our seats um I I'm really excited for this ...
In this episode of Giant Ideas, Cameron sits down with the co‑founder of Robinhood to talk about where it all began, and what founders today can learn. They discuss: The origin story & friendship of the co-founders of Robinhood: Growing up as children of immigrant and meeting at Stanford 75 VC rejections: Why investors said young people would never invest, and what those VCs fundamentally missed Founder mindset: Changing your mind as a superpower, “gradient descent” as a way to iterate on ideas, and why early-stage investing is really about the people. Finding product‑market fit & the vir…
Baiju Bhatt, the co-founder & CEO of Robinhood, has a vision that the Earth will one day be like Saturn - with rings in outer space. Baiju's latest company is Aetherflux: building solar panels in space, with energy harvested continuously from the sun, and transmitting it back to Earth or directly to AI infrastructure in orbit, via laser. The economics of space-based energy are becoming interesting, and the target metric is straightforward: get cost per GPU hour competitive with Earth. Baiju thinks there's a real path there within five to seven years. In this episode: Why AI made space ene…
Baiju Bhatt co-founded Robinhood and helped a generation of young Americans discover investing. Now he's building Atherflux, a company that wants to beam solar energy from orbit to Earth using lasers. In this conversation, Baiju talks about growing up the son of an Indian immigrant physicist who worked at NASA Langley while battling kidney failure, and how a health crisis in eighth grade flipped a switch that sent him to Stanford and eventually to Wall Street. He explains why a math-and-physics obsessive ended up in fintech, what it was actually like inside Robinhood during the GameStop melt…
Baiju Bhatt, founder and CEO of Aetherflux and co-founder of Robinhood, sits down with Premise founder and Partner Vanessa Larco at the 2026 Upfront Summit to talk about life after Robinhood, why he's building an orbital power grid, and what the world looks like when humanity expands beyond Earth. Topics covered: Post-Robinhood life and turning down a tempting opportunity to become a full automotive mechanic How his father's career at NASA shaped his vision for space infrastructure What Aetherflux is building and why an orbital power grid matters now Why space-to-atmosphere power beaming is…
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