Satellite developer K2 Space is raising $500 million at a valuation ranging from $6.8 billion to $7 billion, according to a Techub News item citing CryptoBriefing. The company was founded by former SpaceX engineers, and if the deal closes, its total funding would approach $1 billion. K2 Space’s main product is the Mega Class satellite platform, which can deliver 20 kilowatts of power per satellite, about 10 times the output of satellites used in current constellations. The company has also signed contracts with the Space Force and defense technology firm Anduril. Its first satellite, Gravitas, is planned for launch, and K2 Space is set to open a new engineering office in Seattle in July 2026.
Satellite developer K2 Space is raising $500 million at a valuation of $6.8 billion to $7 billion, according to Techub News, which cited CryptoBriefing.
The company was founded by former SpaceX engineers. If the round is completed, K2 Space’s total funding would come close to $1 billion.
Its core product is the Mega Class satellite platform. Each satellite can provide 20 kilowatts of power, roughly 10 times the level of satellites used in current constellations.
K2 Space has signed contracts with the Space Force and Anduril. Its first satellite, Gravitas, is planned for launch, and the company will open a new engineering office in Seattle in July 2026.
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