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K2 Space
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Manufactures cost-effective high-capability satellite buses
K2 Space
Work Here?
Manufactures cost-effective high-capability satellite buses
About K2 Space
Industries
Aerospace
Company Size
51-200
Company Stage
Series B
Total Funding
$178.5M
Headquarters
West Hollywood, California
Founded
2022
Overview
K2 Space manufactures satellite buses, which are the main structures and systems of satellites, excluding the payload. Their product allows clients to create customized satellites for various missions, including scientific research, commercial communication, and defense. K2 Space differentiates itself from competitors by offering high-capability satellite buses at a lower cost, breaking the traditional link between satellite mass and price. This affordability enables a wider range of organizations, from commercial enterprises to defense agencies, to undertake ambitious space missions that were previously too expensive. The company's goal is to expand the possibilities for space exploration and development by making advanced satellite technology accessible to more clients.
Simplify's Take
What believers are saying
- K2 Space raised $110M to scale production of high-power, multi-orbit satellites.
- The U.S. government's investment in space defense presents contract opportunities for K2 Space.
- Advancements in propulsion technology enable longer lifespans for K2 Space's satellite buses.
What critics are saying
- Increased competition from SpaceX and Blue Origin could impact K2 Space's market share.
- Reliance on large contracts poses financial risks if contracts are delayed or canceled.
- Expansion into a new facility may lead to operational challenges and increased overhead costs.
What makes K2 Space unique
- K2 Space offers high-capability satellite buses at a fraction of traditional costs.
- The company breaks the historical correlation between satellite mass and cost.
- K2 Space's team includes veterans from leading aerospace companies like SpaceX and Blue Origin.
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Funding
Total Funding
$178.5M
Above
Industry Average
Funded Over
4 Rounds
Lightspeed Venture Partners
First Round CapitalIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Unlimited Paid Time Off
Parental Leave
Company Equity
Growth & Insights and Company News
6 month growth
â 4%1 year growth
â 9%2 year growth
â -6%K2 Space, based in Torrance, raised $110 million in Series B funding, co-led by Lightspeed Venture Partners and Altimeter Capital, bringing its total funding to $180 million since 2022. The company is scaling up production of high-power, multi-orbit satellites with a new 180,000-square-foot facility. This funding positions K2 Space to compete as demand for powerful satellites grows.
WASHINGTON - K2 Space, a satellite manufacturing startup aiming to disrupt the industry with lower-cost, high-capacity spacecraft, has raised $110 million in a Series B funding round co-led by Lightspeed Venture Partners and Altimeter Capital.
K2 Space raises $110M in Series B funding.
K2 Space announced a $110 million Series B funding round to scale production of its high-power satellite platform. The round was co-led by Lightspeed Venture Partners and Altimeter Capital. The company also celebrated the opening of a new 180,000 sq ft factory in Torrance, CA, and the success of its first in-space demonstration. K2 Space has raised $180 million in equity and secured over $50 million in contracts. The funds will be used to expand production and hire talent.
K2 Space has been awarded a $60 million contract by the U.S. Space Force for its inaugural Mega Class satellite mission, "Gravitas."
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About K2 Space
Industries
Aerospace
Company Size
51-200
Company Stage
Series B
Total Funding
$178.5M
Headquarters
West Hollywood, California
Founded
2022
There are no jobs for K2 Space right now.
Find jobs on Simplify and start your career today