SpaceNews.com
• Sandra Erwin
K2 Space has announced a $500 million funding round at a $6.8 billion valuation, more than doubling its valuation in seven months. The satellite manufacturer is preparing to transition from orbital demonstrations to larger commercial and military orders, supported by expanded engineering capacity including a new Seattle hub.
Satellite
Latest source-backed stories
Ukrainian President Volodymyr Zelensky asked U.S. President Donald Trump to enable Starlink support for operations targeting ballistic-missile launchers inside Russia. The request would expand the role of commercial satellite connectivity in Ukraine’s military targeting and strike activities.
Satellite imagery has reportedly detected fresh burn scars and active fires at Amazon data centers and at a Saudi oil refinery, indicating continued strikes affecting critical energy and cloud infrastructure. The observations add to the growing body of satellite-based assessments of wartime damage in the region.
K2 Space has announced a $500 million funding round at a $6.8 billion valuation, more than doubling its valuation in seven months. The satellite manufacturer is preparing to transition from orbital demonstrations to larger commercial and military orders, supported by expanded engineering capacity including a new Seattle hub.
The Scottish Government has signed a one-year, seven-figure contract with Planet Labs for agricultural imagery data, sourced through Computacenter as a reseller. The deal expands the use of commercial Earth observation data to support regional agricultural-related decision-making and monitoring.
High activity
SES will equip more than 60 LATAM Airbus and Embraer aircraft, including the airline’s upcoming E195-E2 fleet, with its multi-orbit, electronically steerable antenna connectivity solution. The expansion comes as SES reported lower first-half revenue and adjusted EBITDA and faces intensifying competition from Starlink in commercial aviation.
SpaceX argues Starlink Mobile represents a very large total addressable market for direct-to-device connectivity, but commentary from industry observers questions the feasibility of the approach. The concern centers on whether the D2D link budget can reliably deliver service at the scale implied by SpaceX’s market sizing.
Satellite startup K2 Space, focused on building large spacecraft for data-intensive communications and defense missions, has raised $500 million in a new funding round. The investment comes as the company prepares to announce the financing at a reported $6.8 billion valuation.
The Exploration Company says it has selected Siemens Xcelerator software to speed development of its reusable Nyx cargo spacecraft. The company cites reduced design complexity and improved engineering collaboration across its development workflow as key reasons for the move.
Create a free account to see more recent Satellite stories and keep bookmarks in one place.
