High-Rate Configurable Buses to be Produced in Apex’s Los Angeles Facility

LOS ANGELES, April 28, 2025 /PRNewswire/ — Apex, the world’s first spacecraft manufacturer to offer productized, high-rate configurable satellite bus platforms, announced its $200 million Series C funding round. The funding round was led by Point72 Ventures and co-led by 8VC, alongside existing investors including Andreessen Horowitz, as well as new firms Washington Harbour Partners and StepStone Group.

This fundraise will allow Apex to scale production to meet rapidly expanding customer demand for its satellite bus platforms and follows the successful one-year-on-orbit milestone of Apex’s first spacecraft mission.

“Apex’s approach to building spacecraft is key to America realizing 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 defense primes, the U.S. government, and some of the most exciting companies in the country,” said Apex CEO and Founder Ian Cinnamon.

The only manufacturer of off-the-shelf satellite buses, Apex is revolutionizing the industry by helping customers shift risk and money away from crafting bespoke spacecraft to focus on advancing space capabilities using their standard spacecraft bus platforms.

“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.”

“Apex’s satellite buses are delivering the on-orbit proliferation required for America to prevail in the new space race,” said Joe Lonsdale, Founder and Managing Partner at 8VC. “This Administration recognizes where our defense capabilities demand drastic evolution. Apex’s pace of innovation and manufacturing speed and scale exemplify the bold approach needed to secure the edge for our forces.”

Increased production will take place at Apex’s 50,000-square-foot Los Angeles-based spacecraft production complex, known as Factory One. Factory One enables Apex to build ahead of need, offering an inventory of satellite bus platforms that support missile defense, space-based interceptors, LEO and GEO space domain awareness, and combat power, while also delivering vehicles for communications and remote sensing constellations. Apex is positioned to support rapid delivery for Golden Dome, Proliferated Warfighter Space Architecture, and other programs.

“We intimately understand the needs of the warfighter and the technology that accelerates decisive capability,” said Mina Faltas, Founder and CEO of Washington Harbour Partners. “Without Apex, America cannot achieve the kind of mass it needs in space in the relevant time frame and at an acceptable cost.”

The raise caps off an eventful year for Apex, which includes celebrating one year on orbit for its first Aries spacecraft mission, Aries Serial Number One (SN1); winning a $46 million U.S. Space Force contract; developing GEO Aries, a productized satellite bus intended for geostationary orbit missions; and announcing Nova, a satellite bus platform supporting payloads ranging from 200 to 500 kg.

Media Contact: Claude Chafin, Invariant: chafin@invariantgr.com

About Apex

Apex is the leading manufacturer of high-rate configurable satellite bus platforms designed to meet the demands of the rapidly expanding space industrial base. Founded in 2022 by Ian Cinnamon and Max Benassi, Apex manufactures scalable spacecraft solutions for both commercial and government customers. The company set a world record with its first satellite bus as the fastest clean-sheet design to production spacecraft operating in space. Backed by some of the country’s leading investors, Apex is committed to accelerating space innovation through high-rate manufacturing of productized, reliable satellite platforms that enable the next generation of missions. Headquartered in Los Angeles, California, Apex was named one of Fast Company’s most innovative space companies in 2025. For more information, visit www.ApexSpace.com

SOURCE Apex Space

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