K2 Space raises $500M to boost its drive to build big, powerful satellites

K2 Space’s Gravitas satellite, shown here during final integration, was launched in March. (K2 Space Photo via PRNewswire) K2 Space, a California-based satellite company that recently set up an engineering hub in Seattle , has announced a $500 million funding round at a $6.8 billion valuation. The Series D round was led by Kleiner Perkins and ICONIQ, with participation from CapitalG, Lightspeed, Altimeter, Spark Capital, Sands Capital, ARK Invest, T.