Politico: "Global cooling startup raises $60M to test sun-reflecting technology"

by Corbin Hiar and Karl Mathiesen

“They have convinced Silicon Valley [venture capitalists] to give them a lot of money, and I would say that they shouldn’t have,” said Gernot Wagner, a climate economist at Columbia Business School and author of the book “Geoengineering: The Gamble.” “I don’t think it is a reasonable path to suggest that there’s going to be somebody — the U.S. government, another government, whoever — who buys Stardust, buys the [intellectual property] for a billion bucks [and] makes the VC investors gazillions. I don’t think that is, at all, reasonable.”

Quoted in: "Global cooling startup raises $60M to test sun-reflecting technology" by Corbin Hiar and Karl Mathiesen, Politico (24 October 2025).

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