K2 Space raises $500 million at $6.8 billion valuation

Brothers Karan and Neel Kunjur more than doubled K2 Space's valuation after the Gravitas mission reached orbit and SES outlined an initial 28-bus plan.

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Primary source: Bloomberg Technology

Why it matters

K2 Space's round turns the Kunjur brothers' large-satellite thesis into a $6.8 billion manufacturing test. SES provides a path to volume, but K2 must convert one operational Mega bus into repeatable production.

Illustration of K2 Space's Gravitas communications satellite in orbit, its large antenna arrays and power modules angled toward Earth

Karan Kunjur and Neel Kunjur, the brothers building K2 Space around cheaper, higher-capacity launches, have raised $500 million for K2 Space at a $6.8 billion post-money valuation, Bloomberg reported Thursday.…

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