A Quarter Billion Dollars for Giga Satellites, a New Era of Space Technology Emerges
A Southern California-based startup has secured $250 million in funding to ramp up production of its high-power satellite platforms, dubbed "Giga" satellites. The injection of capital is expected to accelerate the development and launch of these massive satellites, which are designed to address emerging markets such as in-space computing and data processing.
K2's Giga satellites will be manufactured at an 180,000-square-foot factory in Torrance, California, and will be capable of generating up to 100 kilowatts of power per satellite. The company plans to use its own-designed electric thruster, large solar arrays, radiation-tolerant avionics, reaction wheels, and other systems to reduce manufacturing costs.
The Giga satellites are part of K2's "Mega Class" program, which also includes the company's first major demonstration mission, named Gravitas. Scheduled for launch in March 2026 on a Falcon 9 rocket, Gravitas will test several key systems that underpin K2's growth strategy.
K2's founders believe that by building these platforms well, they can unlock new possibilities for space technology and enable the development of more complex satellite missions. "Our north star is simple," says Karan Kunjur, K2's co-founder and CEO. "If we build these platforms well, we get to ask new questions about what's possible in orbit."
The investment in Giga satellites comes as the launch industry is poised for a major shift towards bigger rockets and more powerful satellites. SpaceX's Starship and Blue Origin's New Glenn are expected to begin deploying satellites next year, while other launchers like Falcon 9 and Vulcan are already in service.
K2's vertical integration strategy sets it apart from legacy satellite manufacturers, which typically rely on a widely distributed supply chain. By designing its own components and systems, K2 aims to reduce manufacturing costs and scale up production to build numerous Mega- and Giga-class satellites.
With $500 million in signed contracts with commercial and US government customers, K2 is well-positioned to capitalize on the growing demand for high-power satellite platforms. The company's focus on innovation and vertical integration will be key to unlocking new possibilities for space technology and enabling the development of more complex satellite missions.
A Southern California-based startup has secured $250 million in funding to ramp up production of its high-power satellite platforms, dubbed "Giga" satellites. The injection of capital is expected to accelerate the development and launch of these massive satellites, which are designed to address emerging markets such as in-space computing and data processing.
K2's Giga satellites will be manufactured at an 180,000-square-foot factory in Torrance, California, and will be capable of generating up to 100 kilowatts of power per satellite. The company plans to use its own-designed electric thruster, large solar arrays, radiation-tolerant avionics, reaction wheels, and other systems to reduce manufacturing costs.
The Giga satellites are part of K2's "Mega Class" program, which also includes the company's first major demonstration mission, named Gravitas. Scheduled for launch in March 2026 on a Falcon 9 rocket, Gravitas will test several key systems that underpin K2's growth strategy.
K2's founders believe that by building these platforms well, they can unlock new possibilities for space technology and enable the development of more complex satellite missions. "Our north star is simple," says Karan Kunjur, K2's co-founder and CEO. "If we build these platforms well, we get to ask new questions about what's possible in orbit."
The investment in Giga satellites comes as the launch industry is poised for a major shift towards bigger rockets and more powerful satellites. SpaceX's Starship and Blue Origin's New Glenn are expected to begin deploying satellites next year, while other launchers like Falcon 9 and Vulcan are already in service.
K2's vertical integration strategy sets it apart from legacy satellite manufacturers, which typically rely on a widely distributed supply chain. By designing its own components and systems, K2 aims to reduce manufacturing costs and scale up production to build numerous Mega- and Giga-class satellites.
With $500 million in signed contracts with commercial and US government customers, K2 is well-positioned to capitalize on the growing demand for high-power satellite platforms. The company's focus on innovation and vertical integration will be key to unlocking new possibilities for space technology and enabling the development of more complex satellite missions.