K2 Space executives met with Lt. Gen. Dennis Bythewood, Commander, U.S. Space Forces – Space (S4S) at the company’s manufacturing facility in Torrance, California. Credit: K2 Space

WASHINGTON — K2 Space has raised $500 million in new funding, more than doubling its valuation in seven months as the satellite manufacturer prepares to move from orbital demonstrations to large commercial and military orders.

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Sandra Erwin writes about military space programs, policy, technology and the industry that supports this sector. She has covered the military, the Pentagon, Congress and the defense industry for nearly two decades as editor of NDIA’s National Defense...