K2 Space Secures $500 Million to Build Mega-Class Satellites

K2 Space has achieved a whopping $500 million in Series D funding, pushing its valuation to $6.8 billion. Contrary to the trend of smaller satellites, K2 focuses on larger, powerful models. Their first mega-class satellite, Gravitas, launched successfully in March. The company plans to deliver 30 satellites for various military projects and envisions a Giga satellite by 2028. Founded by Karan and Neel Kunjur, K2 aims to revolutionize satellite manufacturing.