This Startup Is Building Huge Satellites For An Underused Interstellar Sweet Spot

K2 Space raises $250 million to scale high-power satellite line

Torrance, California-based K2 was founded in 2022 to build large satellites with more onboard power and volume. The post K2 Space raises $250 million to scale high-power satellite line appeared first on SpaceNews.

K2 Space Raises $250M at $3B Valuation to Roll Out a New Class of High-Capability Satellites

/PRNewswire/ -- K2 Space, the California-based developer of large, high-power satellite platforms, today announced a $250 million Series C at a $3 billion...

This Startup Is Building Huge Satellites For An Underused Interstellar Sweet Spot

K2 Space has quadrupled its valuation in less than a year to $3 billion thanks to its cheaper satellites designed for communications and defense.

Series C Funding Earmarked for New Class of High-Capability Satellites

California-based K2 Space, a developer of large, high-power satellite platforms, today announced a $250 million Series C at a $3 billion valuation, accelerating delivery of a new generation of spacecraft built for the heavy-lift era. The financing follows $500 million in signed contracts across commercial and U.S. government customers and is led by Redpoint, with participation from accounts advised by T. Rowe Price Associates, Inc., and from Hed…

K2 Space Raises $250M Series C

A $3B valuation before ever launching a satellite? Stranger things have happened. K2 Space announced yesterday that it secured a $250M Series C ahead of its first satellite launch early next year. Redpoint Ventures led the round. T. Rowe Price, Altimeter Capital, Hedosophia, Lightspeed Venture Partners, and Alpine Space Ventures also participated in the round. K2 has secured more than $500M in contracts across government and commercial customer…