After leaving Duke University, Knight shied away from other offers for administrative positions. Less than a year after his resignation, Knight took a position as vice president of educational development for RCA Corp., an American electronics company. Knight found immediate success at RCA; two years later he became the president of RCA Iran.
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In 1976, Knight continued his new career in business as president of Questar Corporation, a company that manufactured high-precision lenses for astronomical, industrial, and medical applications. Knight stayed with Questar for the next three decades, coming to be the owner of the company when its previous owner Marguerite Braymer died in 1996. In 2001, Knight sold Questar to Donald Bandurick but stayed on as a consultant throughout his brief retirement.