Investors commit quarter-billion dollars to startup designing “Giga” satellites

K2, a three-year-old satellite startup, has secured $250 million in Series C funding to accelerate production of its "Mega" and "Giga" class high-power satellites at its Southern California factory. The company aims to capitalize on emerging heavy-lift rocket capacity from SpaceX's Starship and other large launchers by reversing the trend toward smaller spacecraft. With over $400 million raised since 2022, K2 plans to launch its first demonstration satellite, Gravitas, in March 2026, featuring a 20-kilowatt thruster and advanced solar arrays.