K2 Space

K2 Space announced $500M in Series D financing on July 30, 2026. K2 Space raised a $500 million Series D at a $6.8 billion valuation, led by Kleiner Perkins and ICONIQ, to scale production of large, high-power satellites.

Round details

The financing includes backing from Kleiner Perkins, ICONIQ, CapitalG, Lightspeed, Altimeter, Spark Capital, Sands Capital, T. Rowe Price Associates, Inc.. The company reported a $6.8B valuation alongside the transaction.

• Round: Series D
• Capital announced: $500M
• Total funding reported: $1B+

How the company plans to use the capital

K2 said that, in addition to expanding its factory footprint and growing its workforce, it will scale up the satellite itself, including introducing its 100kW Giga-class satellite in the second half of 2028. The company also said it will focus on delivering large constellation orders on schedule for its customers over the next 24 to 48 months.

Why this matters for GTM teams

K2 said the round brings its cumulative capital raised to over $1 billion, and that it has secured over $1 billion in signed commercial and government contracts, including an initial tranche of 30 satellites for SES’s meoSphere network.

Fresh capital is often an operational signal rather than a buying signal by itself. Teams should validate the company’s hiring pattern, product launches, geographic expansion, and technology priorities before choosing the message and timing of outreach.

Source and methodology

This report is based on the company’s announcement and records the disclosed amount, round, investors, location, and stated use of funds. SalesTools Research does not estimate undisclosed valuation or revenue figures.

Primary source: K2 Space Series D announcement.