K2 Space Raises $500M Series D at $6.8B Valuation to Scale Large, High-Power Satellites
The round brings K2 Space’s total capital raised to more than $1 billion as it expands satellite production and secures government contracts.
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Karan Kunjur, K2 Space CEO: A Fortt Knox Update
K2 Space CEO Karan Kunjur tells Jon Fortt he raised a $500M Series D at a $6.8B valuation (new backers Kleiner, ICONIQ) but stays private as a four-year-old firm. Its first 20kW satellite, Gravitas, launched in March and is ~120 days into a strong mission; multi-satellite Trinity follows in Q2 2027. He pitches 100kW satellites and in-space compute – data centers in orbit – and wants launch diversity beyond SpaceX toward ~10 launches a year.
Satellite maker K2 Space secures $6.8 billion valuation in new funding round
July 30 - K2 Space said on Thursday it raised $500 million in a new funding round that valued the company at $6.8 billion, more than twice the valuation at its December round, as the company prepares to increase production of large, high-power satell...
Iconiq Backs Satellite Startup K2 Space at $6.8 Billion Value
Startup K2 Space, which builds large satellites for high-power tasks like data-heavy communications and defense missions, has raised $500 million in a new round of funding, the company plans to announce Thursday.
K2 Space raises $500M to build big, powerful satellites
K2 Space, a California-based satellite company that recently set up an engineering hub in Seattle, has announced a $500 million funding round at a $6.8 billion valuation. The Series D round was led by Kleiner Perkins and ICONIQ, with participation from CapitalG, Lightspeed, Altimeter, Spark Capital, Sands Capital, ARK Invest, T. Rowe Price Associates and other existing investors. Since its founding in 2022, K2 Space has raised more than $1 billi…
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