K2 Space Raises $500 Million at $6.8 Billion Valuation for Large Satellites
The Series D round more than doubles K2 Space's valuation in seven months and will fund production of up to 100 large satellites per year.
AfroEuropa Newsroom
AfroEuropa desk
Satellite manufacturer K2 Space has raised $500 million in a Series D funding round, lifting its valuation to $6.8 billion, according to Ventureburn and SpaceNews.
The new valuation is more than double the figure the company reached after its Series C round, which Ventureburn dated to December. SpaceNews reported that the increase came within seven months. The company was founded four years ago by co-founder and chief executive Karan Kunjur alongside his brother, Neel, around the premise that larger satellites, rather than smaller ones, would prove central to future space missions.
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