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Extra-large satellite company raised $250M Series C at $3B valuation with $500M+ in signed contracts; first Gravitas satellite with 40-meter wingspan and 20kW power launched March 2026;
K2 Space is a Torrance, California-based company building extra-large, high-powered satellites for orbital computing, communications, and defense. Founded by brothers Karan and Neel Kunjur, both former SpaceX engineers, K2 raised $250 million at a $3 billion valuation in its Series C round and has signed over $500 million in commercial and government contracts.
Raised $238M Series C. Only DoD ground autonomy production contract holder (Marine Corps ROGUE Fires). $114M Army prime contract for autonomous breaching systems. AMPV autonomous prototype in 2026.
Forterra is the only company with an active DoD production contract for autonomous ground vehicles, holding the Marine Corps ROGUE (Remote Operations for Ground Units) Fires contract and a $114 million Army prime contract for autonomous breaching system development. The company raised $238 million in Series C financing and is targeting delivery of an Armored Multi-Purpose Vehicle (AMPV) autonomous prototype to the Army in 2026 — representing the first autonomous integration into a major Army vehicle program.
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