Home / Business and Economy / K2 Space Secures $500M, Soars to $6.8B Valuation
K2 Space Secures $500M, Soars to $6.8B Valuation
30 Jul
Summary
- K2 Space raised $500 million in a new funding round.
- The company's valuation more than doubled to $6.8 billion.
- New investors include Kleiner Perkins, ICONIQ, and CapitalG.
K2 Space announced on Thursday, July 30, 2026, that it has successfully raised $500 million in a significant new funding round. This latest investment values the satellite maker at an impressive $6.8 billion, more than doubling its previous valuation from December. The round was spearheaded by Kleiner Perkins and ICONIQ, both new investors in the company. Alphabet's venture fund, CapitalG, also joined as a new investor, alongside continued support from Lightspeed and Altimeter. This influx of capital positions K2 Space to significantly increase its production of large, high-power satellites. The space sector continues to attract substantial investment, with companies raising approximately $7.5 billion across 141 venture deals in the second quarter of 2026, following a record $8 billion across 159 deals in the first quarter.
