K2 Space

High-power, multi-orbit satellite bus manufacturer for large defense and commercial missions

Space / Defense 📍 Torrance, CA Founded 2022

Current Valuation

$3.0B

as of 2025-Q4

UNICORN

K2 Space designs and manufactures high-power, multi-orbit satellite buses targeting both defense and commercial missions - competing with primes like Lockheed and Northrop on cost and timeline. The company's first satellite demonstration succeeded in early 2025. K2 raised a $110M Series B in February 2025 and a $250M Series C in November 2025 at a $3B valuation, bringing total funding to ~$400M. Backed by Lightspeed, Altimeter, Alpha Wave, and Founders Fund.

Company Profile

CEO

Karan Kunjur

Founded

2022

Torrance, CA

Employees

~150

Total Raised

$400M

Growth

Series C at $3B valuation; first in-space demonstration succeeded

Last Round

Series C — $250M (Nov 2025) · Lead: Undisclosed

IPO Status

private

Founders & Key People

Karan KunjurMaxwell Kunjur

Investors

Lightspeed Venture Partners · Altimeter Capital · Alpha Wave Global · Caffeinated Capital · Founders Fund

Products

Mega Class satellite bus (high-power, multi-orbit)
ESPA-class satellite platforms
Custom defense and commercial satellite missions

Competitors

Lockheed Martin (Space Systems) · Northrop Grumman · Maxar Technologies · Apex Space · Astranis

SpaceDefenseSatellitesDefense TechGEO