K2 Space Raises $500 Million in Series D at $6.8 Billion Valuation

businessvcsciencespace 4 posts · 4 accounts

K2 Space raised a $500 million Series D round at a $6.8 billion post-money valuation, doubling the price tag from its December financing. The round was led by Kleiner Perkins and ICONIQ Capital, with participation from CapitalG, ARK Invest, T. Rowe Price, and other existing investors.

The company intends to use the capital to expand mass production of its satellite fleet, moving from its 20-kW Mega platform to a 100-kW Giga class series. The production push supports more than $1 billion in existing contracts.

From the sources (4 posts)

@jaminball

Let’s go!!! @ekriessmann

@apoorv03

Congrats team! One of many milestones to come 🚀 @ekriessmann

@reuterslegal

K2 Space said on Thursday it raised $500 million in a new funding round that valued the company at $6.8 billion, more than twice the valuation at its December round, as the company prepares to increase production of large, high-power satell

@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 Ca

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