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- K2 Space
K2 Space Revenue, Valuation, Funding & Investors
K2 Space is valued at $6.8B as of July 2026.
Last K2 Space valuation
$6.8B
Series D · Jul 2026
Last K2 Space funding round
$500M
Series D · Jul 2026
K2 Space revenue
$23M
Series B · Feb 2025
Key investors in K2 Space
Altimeter Capital
Lightspeed Venture Partners
Alpine Space Ventures
First Round Capital
T. Rowe Price
Kleiner Perkins
About K2 Space
K2 Space is a Los Angeles-based aerospace company developing reusable satellite bus platforms for medium and geostationary Earth orbits. Its E2 satellite supports up to ten units per Falcon 9 launch, incorporating high-power electric propulsion for enhanced performance in communications and computing missions.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$23M (Feb 2025)
Valuation
$6.8B (Jul 2026)
K2 Space Valuation
K2 Space is currently valued at $6.8B, based on its Series D in July 2026.
The $500M round was led by ICONIQ Capital and Kleiner Perkins, with participation from Spark Capital, Sands Capital Ventures, T. Rowe Price, Altimeter Capital, CapitalG and 2 other investors.
K2 Space's valuation has grown 4.5x from $1.5B at its Series B in February 2025 to $6.8B in July 2026, across 3 priced rounds.
K2 Space valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2026 | Series D | $6.8B | - |
| Dec 2025 | Series C | $3B | - |
| Feb 2025 | Series B | $1.5B | 65.2x |
K2 Space Revenue
K2 Space's latest recorded revenue is $23M, as of its Series B in February 2025. At a $1.5B valuation, that implies a 65.2x revenue multiple.
K2 Space revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Feb 2025 | $23M | $1.5B | 65.2x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
K2 Space Funding History
K2 Space has raised a total of $926M across 6 funding rounds.
K2 Space's first fundraising round was a $9M seed round in March 2023. The most recent completed round was a $500M Series D in July 2026.
K2 Space funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2026 | Series D | ICONIQ Capital (lead); Kleiner Perkins (lead); Spark Capital; Sands Capital Ventures; T. Rowe Price; Altimeter Capital; CapitalG; Lightspeed Venture Partners; ARK Investment Management | $500M | $6.8B | K2 Space raised $500 million in a Series D financing on July 30, 2026 at a $6.8 billion post-money valuation. The round was co-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; the company said the transaction was structured as convertible preferred stock. The financing was driven by K2 Space’s plan to scale production of large, high-power satellites for commercial and government missions. The company said the new capital supports expansion of its manufacturing capacity as it prepares to deliver satellites for programs including SES’s planned meoSphere network, and said it has secured more than $1 billion in signed commercial and government contracts. The round brought cumulative capital raised to more than $1 billion. K2 Space is a Torrance, California-based satellite manufacturer focused on large, high-power, high-payload-mass spacecraft. The company described itself as the leading manufacturer of big, high-power satellites and said its platform is used for data-heavy communications and defense missions. |
| Dec 2025 | Series C | Redpoint (lead); T. Rowe Price; Altimeter Capital; Lightspeed Venture Partners; Alpine Space Ventures; Hedosophia | $250M | $3B | K2 Space is a California-based developer of large, high-power satellite platforms founded in 2022 by former SpaceX engineers. The company is building a new class of "Mega Class" satellites designed to maximize the throw-weight capabilities of next-generation launch vehicles like SpaceX's Starship and Blue Origin's New Glenn, delivering approximately 10 times the power and payload capacity of traditional satellite buses at a fraction of the cost. In December 2025, K2 Space announced a $250 million Series C funding round at a $3 billion post-money valuation, led by Redpoint Ventures with participation from T. Rowe Price Associates, Hedosophia, Altimeter Capital, Lightspeed Venture Partners, and Alpine Space Ventures. The company has now raised over $450 million total, including a $110 million Series B in February 2025 and a $50 million Series A. The financing follows $500 million in signed contracts across commercial and U.S. government customers, including partnerships with major operators like SES. K2 Space is scaling manufacturing at its 180,000-square-foot facility in Torrance, California, which is being tooled to produce up to 100 satellites annually. The company planned its first Mega-class satellite launch in early 2026, with multiple launches scheduled for 2026-2027, and operational commercial and national security constellations beginning deployment in 2028. At the time of the Series C announcement, K2 had not yet launched a satellite but had flown hardware and tested its flight computer and avionics systems. |
| Feb 2025 | Series B | Altimeter Capital (lead); Lightspeed Venture Partners (lead); First Round Capital; Alpine Space Ventures | $110M | $1.5B | K2 Space is a Torrance, California-based developer of large, high-power satellite platforms founded in 2022 by former SpaceX engineers Karan Kunjur and Neel Kunjur. The company pioneered a new generation of "Mega Class" spacecraft designed specifically for the heavy-lift launch era, such as SpaceX's Falcon 9, Starship, and Blue Origin's New Glenn, enabling deployment of larger, more powerful satellites into Low Earth Orbit, Medium Earth Orbit, and Geostationary Orbit for communications and computing applications. K2 Space closed a $110 million Series B funding round in February 2025, which brought its 180,000-square-foot manufacturing facility in Torrance online. The company has an estimated annual revenue of $23.4 million based on industry analysis. Following the Series B, K2 Space secured $500 million in signed contracts across commercial and U.S. government customers, validating demand for its platform. The company is scheduled to launch its first production satellite, GRAVITAS, in March 2026 to test core technologies including high-voltage power systems, large deployable structures, and guidance and control algorithms. By December 2025, K2 Space had raised over $450 million total and announced a Series C round of $250 million at a $3 billion valuation, positioning the company to scale manufacturing to 100 satellites annually and deploy operational constellations for commercial and national security clients starting in 2028. |
| Feb 2024 | Series A | Altimeter Capital (lead) | $50M | - | K2 Space, founded in 2022 by former SpaceX engineers Karan Kunjur and Neel Kunjur in Torrance, California, develops large, high-power satellite platforms optimized for heavy-lift launchers like Falcon 9, Starship, and New Glenn. The company raised $50 million in a Series A round on February 13, 2024, led by Altimeter Capital with participation from Alpine Space Ventures. This followed a $8.5 million seed round in June 2023 and an $8 million pre-seed in June 2022, bringing total funding to around $72 million at that point. K2 Space focuses on 'Mega Class' satellites that provide approximately 10 times the power and payload capacity of traditional smallsat buses at lower costs, enabling new mission classes in orbit. The Series A supported development of these high-power platforms, including validation of subsystems like flight computers, reaction wheels, avionics, high-voltage power, large solar arrays, and 20 kW Hall thrusters through missions like GRAVITAS. Post-Series A, K2 secured milestones including a $60 million U.S. Space Force STRATFI contract in December 2024 and over $500 million in signed contracts across commercial and government customers by late 2025. The company raised a $110 million Series B on February 13, 2025, led by Lightspeed with Altimeter and others, followed by a $250 million Series C in December 2025 led by Redpoint at a $3 billion valuation, with Altimeter participating again. These funds scaled manufacturing at its 180,000 sq. ft. Torrance facility ahead of first satellite launches in 2026 and customer constellations in 2028. |
| Oct 2023 | Seed | Alpine Space Ventures (lead); Valhalla Ventures | $7M | - | K2 Space raised $7 million in a simple agreement for future equity (SAFE) financing in 2023, with participation from investors including Alpine Space Ventures. The company, founded in 2022 by former SpaceX engineers Karan Kunjur and Neel Kunjur, develops large, high-power satellite platforms designed for heavy-lift launch vehicles like Falcon 9, Starship, and New Glenn. These 'Mega Class' spacecraft support operations in low Earth orbit, medium Earth orbit, and geostationary orbit for applications in communications and computing. |
| Mar 2023 | Seed | First Round Capital (lead); Nitesh Banta; Also Capital; Earthrise Ventures; Republic capital; Countdown Capital; Asymmetric Capital Partners | $9M | - | K2 Space, founded in 2022 by former SpaceX engineers Karan and Neel Kunjur, develops large high-power satellite platforms optimized for the heavy-lift launch era. The company pioneered its 'Mega Class' spacecraft architecture, designed to maximize the payload and power capabilities of next-generation launch vehicles like SpaceX's Starship and Blue Origin's New Glenn, delivering approximately 10 times the power and payload capacity of traditional satellite buses. In June 2023, K2 Space raised an $8.5 million Seed round from First Round Capital, Republic Capital, Countdown Capital, Boost VC, Also Capital, Side Door Ventures, Earthrise Ventures, Spacecadet VC, and Pathbreaker Ventures. The company's subsequent funding milestones include a $110 million Series B in February 2025 and a $250 million Series C in December 2025 at a $3 billion valuation, by which time K2 had secured $500 million in signed contracts across commercial and government customers. As of 2025, K2 Space operates a 180,000-square-foot manufacturing facility in Torrance, California, designed to produce up to 100 satellites annually, with plans to begin deploying constellations for customers in 2028. |
Who has invested in K2 Space?
20 investors have backed K2 Space across its funding rounds, including Altimeter Capital, Lightspeed Venture Partners, Alpine Space Ventures, First Round Capital, T. Rowe Price and Kleiner Perkins.
Lead investors include ICONIQ Capital, Kleiner Perkins, Redpoint, Altimeter Capital, Lightspeed Venture Partners and 2 other investors.
K2 Space Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Feb 2024 | ||
| 3 | Lead | Feb 2025 | ||
| 3 | Lead | Oct 2023 | ||
| 2 | Lead | Mar 2023 | ||
| 2 | Participant | Dec 2025 | ||
| 1 | Lead | Dec 2025 | ||
| 1 | Lead | Jul 2026 | ||
| 1 | Lead | Jul 2026 | ||
| 1 | Participant | Jul 2026 | ||
| 1 | Participant | Mar 2023 | ||
| 1 | Participant | Oct 2023 | ||
| 1 | Participant | Mar 2023 | ||
| 1 | Participant | Jul 2026 | ||
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Start Free TrialK2 Space Competitors
K2 Space competitors include listed companies like Planet Labs, Iridium, Viasat and China Spacesat, and private ones like Yuanxin Satellite and ICEYE.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $7.4B | - | ||
| Publicly listed | $308M | ($211M) | $6.2B | 14.9x | ||
| Publicly listed | $872M | $443M | $5B | 7.3x | ||
| Publicly listed | $4.6B | $1.6B | $10B | 3.2x | ||
| Publicly listed | $910M | $56M | $10B | 10.0x | ||
| Private | $289M | $115M | $12B | 40.3x |
K2 Space Public Comps
K2 Space is still privately-owned, but its public comps include SBM Offshore, NOV Inc., Waaree Energies, Planet Labs, Suzlon Energy, Loar Group, Weatherford, Jinko Solar, Seatrium and Maxwell Technologies.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $5.9B | $1.9B | 2.6x | 2.2x | 8.0x | 8.2x | |||
| $8.7B | $767M | 1.0x | 1.0x | 11.1x | 8.6x | |||
| $2.7B | $594M | 2.8x | 2.4x | 12.8x | 11.3x | |||
| $308M | ($211M) | 18.9x | 14.9x | (27.5x) | 508.1x | |||
| $1.7B | $298M | 3.4x | 2.9x | 19.6x | 16.5x | |||
| $496M | $157M | 13.8x | 11.0x | 43.7x | 27.8x | |||
| $4.9B | $912M | 1.3x | 1.3x | 7.0x | 6.3x | |||
| $9.8B | $35M | 0.9x | 0.9x | 239.9x | 11.8x | |||
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Common questions about K2 Space
| When was K2 Space founded? | K2 Space was founded in 2022. |
| Where is K2 Space headquartered? | K2 Space is headquartered in Los Angeles, CA, United States. |
| Is K2 Space publicly listed? | No, K2 Space is a private, VC-backed company. |
| What is K2 Space's valuation? | K2 Space was last valued at $6.8B in its Series D in July 2026. |
| How much funding has K2 Space raised? | K2 Space has raised $926M across 6 funding rounds. |
| What was K2 Space's last funding round? | K2 Space's last funding round was a $500M Series D in July 2026, led by ICONIQ Capital and Kleiner Perkins. |
| Who are K2 Space's investors? | K2 Space's investors include Altimeter Capital, Lightspeed Venture Partners, Alpine Space Ventures, First Round Capital, T. Rowe Price, Redpoint, ICONIQ Capital, Kleiner Perkins, Spark Capital, Nitesh Banta and 10 others. |
| What is K2 Space's revenue? | K2 Space's latest recorded revenue is $23M (February 2025). |
| What is K2 Space's revenue multiple? | K2 Space's latest valuation implies a 65.2x revenue multiple ($1.5B valuation on $23M of revenue). |
| Which companies are comparable to K2 Space? | Companies comparable to K2 Space include Yuanxin Satellite, Planet Labs, Iridium, Viasat, China Spacesat and ICEYE. |
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