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K2 Space raised a $500M Series D at a $6.8B post‑money valuation, led by Kleiner…

2026-07-30 · 16:32 UTC ·@lizwessel ·1 min read

Brief

K2 Space announced a $500M Series D at a $6.8B post‑money valuation led by Kleiner Perkins and ICONIQ, with major VCs participating. The round will finance mass production to deliver on $1B+ contracts and scale satellites from a 20 kW 'Mega' to a 100 kW 'Giga' class, with founders thanking early backers including First Round (pre‑seed 2022).

Why it matters

K2 Space raised a $500M Series D at a $6.8B post‑money valuation, led by Kleiner Perkins and ICONIQ Capital, with participation from CapitalG, Lightspeed, Altimeter, Spark Capital, Sands Capital, ARK Invest, T. Rowe Price and other existing investors.

Key details

  • The company will deploy the capital to scale mass production to fulfill more than $1B in contracts and to scale its satellite platform from the 20 kW 'Mega' to the 100 kW 'Giga' class (the team hinted at designs beyond 100 kW).
  • First Round led K2’s 2022 pre‑seed; CEO Karan Kunjur and investor Liz Wessel publicly thanked the team, investors, and customers in the announcement.
Cleaned source text

Another big round for @K2SpaceCo, coming on the back of massive technical progress and a number of big commercial wins. Congrats to the whole team! Feeling very grateful that @firstround was able to lead the pre-seed round in 2022.

Karan Kunjur (@KaranKunjur)

Our biggest round yet: @K2SpaceCo has raised a $500M Series D at a $6.8B post-money valuation. The round was led by @kleinerperkins and @ICONIQCapital, with participation from @CapitalG, @lightspeedvp, @AltimeterCap, @sparkcapital, Sands Capital, @ARKInvest, @TRowePrice, and other existing investors.

"Scaling” is probably the word I’ve used most often the past few months in conversations with our investors, customers, and employees when talking about what’s next for K2 Space in 2027 and beyond:

We’re going to continue to scale up mass production, to deliver against the $1B + in contracts we’ve won to-date.

We’re going to scale up the satellite itself, from the 20kW Mega to the 100kW class Giga. Its no longer just 100kW, but we’ll save that update for another day.

The capital from the Series D will turbocharge this scaling.

Thanks to everyone who has been on this journey with us for the last four years – let's keep building bigger.

Video

— https://nitter.net/KaranKunjur/status/2082819234795798904#m