This Newly-Minted Unicorn Is Making Spacecraft for the Booming U.S. Missile Defense Sector
Apex's Series D funding led by Interlagos boosts valuation over $1 billion and expands Los Angeles facility to increase satellite production by 50%, supporting commercial and government constellations.
- On September 12, 2025, Los Angeles-based spacecraft maker Apex revealed it secured $200 million in Series D financing, with Interlagos serving as the lead investor.
- This funding round follows strong customer demand and builds on Apex's rapid growth, vertical integration strategy, and milestone successes since its founding three years ago.
- Apex plans to use the funds to expand production capacity by leasing a second facility, accelerating spacecraft manufacturing by 50%, and supporting large-scale satellite constellations including the Comet bus platform.
- Achal Upadhyaya, founder of Interlagos, stated that Apex is playing a key role in transforming the space sector by creating innovative solutions to support clients developing advanced, large-scale satellite constellations.
- The funding values Apex at over $1 billion, enabling it to meet growing global demand for communications, defense, and national security satellite constellations through increased production and vertical integration.
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East Bay Times
Space startup Apex raises $200 million, reaches unicorn status
(Bloomberg/Sana Pashankar) — Space startup Apex has raised $200 million in a new funding round, reaching unicorn status as it supports companies and governments developing satellite networks. The new round was led by Interlagos, a venture capital firm started by former SpaceX employees, and takes Apex’s valuation to over $1 billion, according to the company. The Los Angeles-based company makes and sells satellite buses, which control operations …
Apex reaches billion-dollar valuation with Series D funding round
Satellite manufacturer Apex has raised $200 million in a new funding round that values the company at more than $1 billion. The post Apex reaches billion-dollar valuation with Series D funding round appeared first on SpaceNews.
Apex raises $200M to fund facility expansion, scaled production
Apex Technologies has secured $200 million in new private funding to boost monthly production of its satellite bus platforms and more than double the size of its California manufacturing facility, CEO Ian Cinnamon told Inside Defense. The funding comes less than five months after the company closed another $200 million round in late April, which brought its production up to 12 platforms per month. With the latest cash infusion, Cinnamon said Ape…
Investors Buoyant As Apex Raises $200 Million To Expand Satellite Bus Production Capacity - Defense Daily
Excited by strong customer demand, investors are pouring another $200 million into satellite bus developer and manufacturer Apex to enable the company to continue buttressing efforts to accelerate production and […]
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