Satellite manufacturer K2 Space has raised $500 million in a Series D round that values the company at $6.8 billion, as Bloomberg first reported on July 30, 2026. Kleiner Perkins and Iconiq co-led the round, with Lightspeed Venture Partners, Alphabet's growth fund CapitalG, and Altimeter Capital Management among the other backers. The valuation is the part worth sitting with. K2 announced a $250 million Series C at a $3 billion valuation in December 2025, led by Redpoint. Seven months on, a new… [...]
At the start of the month, Elon Musk announced that two of his companies — SpaceX and xAI — were merging, and would jointly launch a constellation of 1 million satellites to operate as orbital d [...]
Nik Storonsky, the man behind Revolut, has closed a $500m second fund for QuantumLight, the algorithmic venture-capital firm he co-founded to let software, rather than partners, decide where the money [...]