What Happened
Torrance Company Achieves Breakthrough In Space Infrastructure
K2 Space, a Torrance, California-based satellite manufacturer, has raised $500 million in Series D funding at a $6.8 billion valuation. The company recently flew a 20 kW Hall-effect electric thruster in orbit, setting a new record for operational electric propulsion systems. K2’s Gravitas satellite, which carries the thruster, is capable of raising its own orbit from low Earth orbit to medium Earth orbit in under 90 days. The company’s technology and manufacturing approach may have significant implications for the space industry, as reported by Unknown Source.