K2 Space, a manufacturer of high-power satellites, announced a $500 million Series D funding round. The round was led by Kleiner Perkins and ICONIQ, with participation from several existing investors. This funding will help K2 scale production to meet demand for large satellites. The company's valuation stands at $6.8 billion following this raise.
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Company Information
Company
K2 Space
Location
8605 SANTA MONICA BLVD #20573
West Hollywood, California, United States
About
K2 Space is developing a high-powered, low-cost satellite bus platform that delivers the capability of exquisite satellites at the price point and speed of small satellites. Redesigned from the reaction wheel up, the K2 bus multi-manifests ten satellites per launch vehicle, is made to handle the harsh environment of MEO and GEO, and has the highest power electric propulsion system ever flown – making it the platform for Proliferated LEO, Proliferated MEO, and Proliferated GEO. K2 Space was started by a team of former SpaceX engineers and has raised $72M in venture capital to date, with the backing of leading funds like Altimeter Capital and First Round Capital.
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