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Why Robinhood Co‑Founder Baiju Bhatt Quit to Build Space Data Centers
Baiju Bhatt explains leaving Robinhood in 2024 to launch Cowboy Space Corp., building space-based data centers and pursuing a childhood dream.
Editorial companion
What stands out
Baiju Bhatt walked away from Robinhood in 2024 to start Cowboy Space Corp., a literal moonshot building data centers in space, and he explains why in candid fashion. In the WSJ interview he revisits Robinhood’s explosive growth, the operational missteps and the moments that left him rich but restless. Hearing a founder admit mistakes and pivot away from the company that made him is rare, and it offers investors a front-row view into the cultural and strategic forces that will shape Robinhood’s next chapter.
Market read
Context for the move
If you’re sizing up Robinhood (HOOD) for the next quarter or year, two facts matter: revenue is still ripping higher, about 49.0% average year-over-year growth, while net income has swung much deeper into the red, down about 124.9% on average, so the path to sustainable profits is unclear. The stock has picked up short-term momentum, but a Neutral combined outlook captures the tension between growth, widening losses and ongoing regulatory and execution risks investors should watch.