K2 Space Valuation, Funding & Investors

Shanghai Yuanxin Satellite Technology is a Shanghai-based, state-backed company that builds and operates the Qianfan low-Earth-orbit satellite internet constellation, often described as China's answer to Starlink. The constellation began construction in 2023 and is planned in three phases: 648 satellites for regional coverage, 1,296 for global coverage and more than 15,000 in a third phase offering integrated services. The company plans to sell broadband, low-latency satellite connectivity and industry solutions worldwide, with an early focus on Belt and Road countries and Chinese companies operating abroad. Commercial revenue remains minimal: it booked RMB 189,000 of revenue and a net loss of about RMB 890 million in 2025, while total assets reached about RMB 10.2 billion. Yuanxin was established in March 2018 by Shanghai Alliance Investment and Shanghai Information Investment under the Shanghai state-owned assets commission. It raised a record RMB 6.7 billion Series A in February 2024 led by the CDB Manufacturing Transformation and Upgrading Fund, and in August 2026 completed a further RMB 6.976 billion capital increase at a valuation of about RMB 50 billion, with state capital holding more than 80 percent.

OHB SE provides space technology, security, telematics, and satellite services. It has three business segments, namely Space systems and Aerospace, and Digital. Space systems segment develops and produces low Earth orbit and geostationary satellites for navigation, scientific, communication, and earth observation purposes. The Aerospace segment manufactures products for aviation, space travel, and electronic data transmission. Digital segment is on ground-based space systems (e.g., mechatronic systems for antennas and radio and optical telescopes), the operation of space-borne systems, digital applications based on satellite data, as well as information technology and IT security (cybersecurity). The company derives the majority of its revenue from the space systems segment.

Planet Labs PBC is an Earth-imaging company. It uses space to help life on Earth by imaging the world every day and making change visible, accessible, and actionable. Its platform includes imagery, insights, and machine learning that empower companies, governments, and communities around the world to make timely decisions about the evolving world. Its solutions are Broad Area Management. Its products are Planet Monitoring, Planet Tasking, Planet Analytic Feeds, Planetary Variables, Planet Basemaps, Planet Insights, and Platform Pricing. The group provides solutions to the Agriculture Science Program, Energy & Infrastructure, Forestry & Land Use, Mapping, Sustainability, Maritime, Civil Government, U.S. State and Local, Europe, Planet Federal, Defense & Intelligence, and Armed Services.

Iridium Communications Inc is the commercial provider of communications services offering true globalised coverage, connecting people, organizations, and assets to and from anywhere, in real time. The company is a provider of mobile voice and data communications services through a constellation of low-earth-orbiting satellites. Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies world-wide. The Company operates in one business segment, providing satellite communications services and products.

China Spacesat Co Ltd is a China-based company engages in the development of small satellites, satellite ground systems, and related equipment. Its products offer aerospace system integration, large-scale ground station systems integration, satellite communications applications, satellite navigation applications and information transmission. The company operates its business in North China, northwest of China and South China.

Viasat Inc an world-wide provider of communications technologies and services, focused on making connectivity accessible, available and secure for current and future customers world-wide. The company has two reportable segments: communication services and defense and advanced technologies. It generates majority of revenue from communication services segment provides a wide range of broadband and narrowband communications solutions across government and commercial mobility markets, as well as for residential and enterprise fixed broadband customers. It has presence in United States and Outside United States. The company generates majority of revenue from United States. Its products are Antennas, Terminals & radios, Modems, Semiconductors, Cybersecurity, Software & services, Home internet.

Globalstar Inc is a telecommunications company that derives revenue from the provision of mobile satellite services. Mobile satellite services are typically used by customers where existing terrestrial wireline and wireless communications networks are impaired or do not exist. The company provides communications services such as two-way voice and data transmission. In addition, one-way data transmission is also offered. Both services are offered using mobile or fixed devices. The company is an owner of satellite assets. It has one reportable segment: MSS business. The company generates the vast majority of its revenue within the United States.

ICEYE is a Polish/Finland-headquartered satellite operator managing the largest synthetic aperture radar constellation for Earth observation. Its smallsats deliver all-weather radar imagery for flood detection, insurance damage assessment, oil spill monitoring, and ship tracking. Clients in government, reinsurance, and defense sectors task satellites for data capture within hours. Founded in 2014, ICEYE builds and launches radar spacecraft from sites in Finland and the United States.

AST SpaceMobile Inc is currently designing, developing and manufacturing the constellation of BlueBird (BB) satellites and has begun launching its planned space-based Cellular Broadband network distributed through a constellation of low Earth orbit (LEO) satellites. The company is building a cellular broadband network in space to operate directly with standard, unmodified mobile devices, and off-the-shelf mobile phones based on extensive IP and patent portfolio. It has focused on eliminating the connectivity gaps faced by mobile subscribers. The Company's spaceMobile Service is being designed to provide cost-effective, high-speed Cellular Broadband services to end-users who are out of terrestrial cellular coverage using existing mobile devices.

Geovis Technology Co Ltd is engaged in provision of digital earth products and technology development services. The technology of remote sensing, geographic information system, satellite positioning and navigation, virtual reality, and other independent research and development of the company digital earth products have a position in the domestic digital earth industry. The company provides software sales and data services, technology development services, digital earth integrated machines and system integration with GEOVIS digital earth products as the core for users in the government, enterprises and special fields.

China Satellite Communications Co Ltd is engaged in the development and management of communication and broadcasting satellite systems; the design and development of satellite ground application systems and related equipment. It also offers technical consulting, engineering design, engineering contracting services related to the satellite business.

SKY Perfect JSAT Holdings Inc Formerly SKY Perfect JSAT Corp is a Japan-based company engaged in providing broadcasting and communication services. It offers mobile satellite communication services, pay-per-view TV channel services and high-definition broadcasting services. The company consists of two operating divisions, which are Multichannel Pay TV Business and Space and Satellite Business. The Multichannel Pay TV Business offers platform services such as customer management activities to broadcasting businesses and delivers broadcasting services. Space and Satellite Business offers communication satellite circuits to the broadcasting businesses and satellite communication services, such as data communication and mobile communication, to the government, public entities and corporations.

HyperSat LLC is a commercial satellite imagery provider holding a NOAA license for high-resolution hyperspectral data. It delivers analysis for environmental monitoring, agriculture, oil and gas exploration, insurance, mining, law enforcement, disaster recovery, defense, and intelligence applications. The company plans orbital deployments to supply global decision-makers with unique spectral insights distinguishing materials at fine scales.

Astranis is a satellite manufacturer delivering geostationary communications spacecraft to enterprises, governments, and military clients. San Francisco-headquartered in a 153,000 square foot facility, the company operates five MicroGEO satellites providing high-throughput networks in high orbits. Astranis fulfills contracts for secure data links in Asia-Pacific and Africa regions with customizable payloads for 99.99% uptime.

Space42 PLC offers geospatial and data analytics/artificial intelligence (AI), The company combines and creates opportunities for synergies across data analytics, geospatial intelligence, and satellite communications to unlock value for customers, partners, and shareholders. Its operating segments involve Yahsat Space Services (YSS); and Bayanat Smart Solutions (BSS). Bayanat Smart Solutions (BSS) segment derives maximum revenue. It provides earth observation and geospatial solutions using a multi-sensor system, advanced data analytics using GIQ platform, and industry-specific solutions using advanced Artificial Intelligence (AI). Geographically, the company operates in United Arab Emirates, Asia, Europe, Africa, North America, and Others.

Xona Space Systems is a San Mateo-headquartered company building the Pulsar constellation of low-Earth orbit satellites for precise positioning, navigation, and timing. Designed for autonomous vehicles, drones, and robotics, it delivers centimeter-level accuracy and anti-jamming resilience independent of GPS.

Eutelsat Communications is a satellite communications operator providing broadcast, video, connectivity, government, maritime, aviation, and broadband capacity. It earns contracted service revenue from satellite fleet capacity and associated ground and connectivity services. The company serves customers and counterparties through the operating assets, products, or financial capabilities described in the cited transaction materials. Its economics are driven by services, while its competitive position depends on sector expertise, asset quality, customer relationships, and disciplined capital allocation. The company is classified in Satellite Communications and Telecommunications because those categories best represent its principal activity at the transaction date. This profile is intended to identify the legal or operating business involved in the deal, including a historical name where the company was later renamed, merged, privatized, or reorganized.

Apex is a satellite manufacturer designing and producing small satellites for Earth observation, communications, and scientific missions. The company integrates modular hardware with standardized software to accelerate production and deployment. Apex platforms support responsive space applications through rapid customization for government and commercial clients. Headquartered in Los Angeles, California, the firm leverages scalable manufacturing to deploy constellations via rideshare launch vehicles.