K2 Space raises $500 million
Posted: Sat, Aug 1, 2026, 10:40 AM ET (1440 GMT)
Satellite manufacturer K2 Space has raised $500 million to expand production for both commercial and government customers. The Series D round, led by Kleiner Perkins and ICONIQ, values the company at $6.8 billion, the company announced Thursday. K2's valuation has more than doubled since it raised a $250 million Series C at a $3 billion valuation last December. The new financing gives K2 the resources to expand production as it works toward the capacity to build as many as 100 large satellites a year. The company is working on defense programs including those linked to Golden Dome, while its largest disclosed commercial project is tied to a planned SES communications network in medium Earth orbit.
Satellite manufacturer K2 Space has raised $500 million to expand production for both commercial and government customers. The Series D round, led by Kleiner Perkins and ICONIQ, values the company at $6.8 billion, the company announced Thursday. K2's valuation has more than doubled since it raised a $250 million Series C at a $3 billion valuation last December. The new financing gives K2 the resources to expand production as it works toward the capacity to build as many as 100 large satellites a year. The company is working on defense programs including those linked to Golden Dome, while its largest disclosed commercial project is tied to a planned SES communications network in medium Earth orbit.| <<previous article | next article>> |
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