K2 Space just dropped a Series C that feels less like a funding round and more like a tectonic adjustment. $250M at a $3B valuation is the kind of punctuation mark you earn when your engineering is louder than your marketing. Co-Founder & CEO Karan Kunjur and Co-Founder & CTO Neel Kunjur built this company on a simple question that only looks obvious in hindsight. If launch keeps getting cheaper and beefier thanks to Falcon 9, Starship and New Glenn, why are satellites still pretending they need to fit into a carry-on bag? K2 Space went the other way. More mass, more power, more capability, lower cost. It was contrarian until it wasn’t.
Redpoint Venture Capital led the round with Elliot Geidt making his first move into space tech, and it says something when a new investor walks in and points straight at your hardware stack as the reason to bet big. T. Rowe Price Associates joined with Jason Leblang highlighting what everyone else tiptoed around. Power is the choke point, and K2 Space treated it like an engineering warmup. A 20 kW Hall thruster. Twin 10 kW arrays. Radiation-tolerant avionics built to laugh at MEO. Hedosophia, Altimeter Capital, Lightspeed Venture Partners and Alpine Space Ventures came back because execution leaves breadcrumbs and K2 Space keeps leaving full loaves.
The company now sits on a $500M contract backlog split 60% commercial and 40% national security. SES chose them to shape its future MEO network, and the U.S. Space Force wrote a $60M STRATFI contract for the GRAVITAS mission. When commercial operators and DoD customers align on the same vendor, that is the market equivalent of a runway clearing itself.
Their Torrance footprint exploded from 15,000 sq ft to 180,000 sq ft in 2 years, and the team scaled to ~160 people drawn from SpaceX, Maxar, Boeing, DoD and the intel community. Walk the floor and it feels less like a satellite shop and more like a factory for orbital muscle cars. The Mega Class platform is a 3×3 meter power slab that brings 10x the output of its peers at a target price of $15M. Built for LEO, MEO, future GEO and even cislunar ops. Stackable. Repeatable. Production-ready instead of prototype-precious.
The GRAVITAS mission in March 2026 will tell the world whether the thesis holds under orbital pressure. A full system flex. High-power propulsion, massive arrays, multi-orbit mobility, national security payloads all riding the same backbone. If it performs the way the engineering suggests, K2 Space will not just meet demand. It will set the ceiling for what the next decade of satellites is allowed to be.
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