With the new funding, K2 plans to manufacture 100 satellites per year out of Torrance. The satellite manufacturer has raised more than $1 billion and booked more than $1 billion in signed contracts. K2 Space raises $500 million to beat other satellite companies in their own game. Their idea was quite on point: that bigger satellites would end up being the hot topic in space missions rather than smaller satellites. Also, defense contractor Anduril has agreed for K2 to build satellites for the Golden Dome missile-defense program.