K2 Space
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Investors
Founders
About
K2 Space is a Torrance, California-based satellite manufacturer building large, high-power satellites for commercial and defense customers 12. Founded in 2022 by brothers Karan and Neel Kunjur, the company operates a 180,000 square foot factory in Torrance and is scaling toward the capacity to build up to 100 large satellites per year 23. K2 maintains roughly 85% vertical integration in its supply chain and has secured more than $1 billion in signed commercial and government contracts, including with SES, Anduril, and the U.S. Space Force 2.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-07-30 | Series D | $500M | Kleiner Perkins, ICONIQ | CapitalG, Lightspeed, Altimeter, Spark Capital, Sands Capital, ARK Invest, T. Rowe Price 123 |
| 2025-12 | Series C | $250M | — | Existing investors 3 |
The Series D was raised at a $6.8 billion post-money valuation — more than double the $3 billion valuation of the Series C eight months earlier 13. Cumulative funding exceeds $1 billion 2.
What Investors Say
No independently sourced investor commentary found beyond the press release. New primary quotes will be added when discovered.
What Founders Say
Karan Kunjur said the new capital would enable K2 “to expand production as it works toward the capacity to build as many as 100 large satellites a year” 3.
Sources
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“K2 Space Raises $500M Series D at $6.8B Valuation to Scale Large, High-Power Satellites,” PR Newswire, July 30, 2026. Accessed July 2026. https://www.prnewswire.com/news-releases/k2-space-raises-500m-series-d-at-6-8b-valuation-to-scale-large-high-power-satellites-302838793.html↩↩↩
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“Venture Capital & Startup Funding Roundup, July 30, 2026,” Tech Startups, July 30, 2026. Accessed July 2026. https://techstartups.com/2026/07/30/venture-capital-startup-funding-roundup-july-30-2026-bessemer-venture-partners-eli-lilly-co-g2-venture-partners-iconiq-growth-kleiner-perkins-lightspeed-more/↩↩↩↩↩
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“K2 Space raises $500 million for commercial, defense satellite expansion,” SpaceNews, July 30, 2026. Accessed July 2026. https://spacenews.com/k2-space-raises-500-million-for-commercial-defense-satellite-expansion/↩↩↩↩↩