K2 Space Corporation, a space manufacturing company headquartered in Torrance, announced a $250 million round of Series C funding. Led by Redpoint, this round values K2 Space at $3 billion.
The company aims to develop a new category of satellite that is more powerful and reliable than current offerings and can be deployed in any Earth orbit. K2’s latest financing comes after it secured $500 million in signed contracts from both commercial and U.S. government customers.
The company plans to launch its first production of its “Mega Class” satellite, GRAVITAS, in March 2026. K2 Space is also preparing to ramp up manufacturing at its Torrance factory to produce up to 100 high-power satellites per year.
“GRAVITAS brings our full stack together for the first time,” Karan Kunjur, K2’s co-founder and CEO, said in a statement. “We are validating the architecture in space, from high-voltage power and large solar arrays to our guidance and control algorithms, and a 20 kW Hall thruster, and we will scale based on measured performance.”
