This fundraise will allow the company to scale production and meet customer demand for its satellite bus platforms.
Increased Production at Factory One
Increased production will take place at Apex’s 50,000-square-foot LA-based spacecraft production complex, known as Factory One. Factory One helps Apex to build ahead of need, offering an inventory of satellite bus platforms that support missile defence, space-based interceptors, LEO and GEO space domain awareness, and combat power, while also delivering vehicles for communications and remote sensing constellations.
Backed by Major Investors and Industry Leaders
The funding round was also backed by 8VC, Andreessen Horowitz, and StepStone Group. Apex is the only manufacturer of off-the-shelf satellite buses.
CEO’s Statement on the Fundraise
"Apex's approach to building spacecraft is key to America realising its commercial and national security strategies in space. This successful raise accelerates our production, allowing Apex to expand its inventory ahead of demand to better enable the missions of our innovative customers, including defence primes, the US government, and some of the most exciting companies in the country," said Apex CEO and Founder Ian Cinnamon.
What Makes Apex Stand Out in the Satellite Industry
"Apex is laser-focused on what we believe missions in space need most: rapid delivery, transparent pricing, and the highest possible quality," said Chris Morales, Partner at Point72 Ventures. "The demonstrated success of Apex's satellite buses and the company's innovative approach to manufacturing have helped them win the trust of customers ranging from the U.S. Space Force to industry-leading primes."
