spacetoday.net: K2 Space raises $110 million

Posted: Sun, Feb 16, 2025, 10:38 AM ET (1538 GMT)
Satellite manufacturing startup K2 Space has raised $110 million. K2 announced the Series B round Thursday co-led by Lightspeed Venture Partners and Altimeter Capital with participation from several existing investors. The company is developing large satellite buses intended to take full advantage of heavy-lift, low-cost launch options, betting that as launch costs continue to decline, the industry will move toward larger satellites, countering the recent trend favoring small satellite constellations. K2 Space is developing its first government mission, dubbed Gravitas, under a $60 million Strategic Funding Increase (STRATFI) agreement, with the Space Force and venture investors each contributing $30 million.