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K2 Space Hits $6.8B Valuation, Books Space Force Terminal Contract
['Kristen Smith']
GovCon Wire
Kleiner Perkins and ICONIQ led the round, joined by CapitalG, Lightspeed, ARK Invest and othersThe Space Force awarded K2 a $22.9 million contract for two Enterprise Space TerminalsCEO Karan Kunjur said the raise positions K2 to build up to 100 large satellites a yearSatellite manufacturer K2 Space closed a $500 million Series D round at a $6.8 billion valuation.
A day later, the Department of War announced that the U.S. Space Force awarded the Torrance, California, company a $22.9 million contract for Enterprise Space Terminals.
What Does the Enterprise Space Terminals Contract Cover?
The Space Based Sensing and Targeting Directorate at Space Systems Command awarded the firm-fixed-price contract through the FreeSol broad agency announcement.
What Comes Next for K2 Space?