Apex Secures $95M in Series B Funding for Satellite Bus Production Expansion
Los Angeles-based space manufacturing company Apex has successfully closed a $95 million Series B funding round led by XYZ Venture Capital and CRV. This significant investment aims to boost the production capabilities of Apex's satellite buses, addressing the growing demand from various customers, including the U.S. Department of Defense.

Los Angeles-based space manufacturing company Apex has successfully closed a $95 million Series B funding round led by XYZ Venture Capital and CRV. This significant investment aims to boost the production capabilities of Apex's satellite buses, addressing the growing demand from various customers, including the U.S. Department of Defense.
Apex is at the forefront of revolutionizing satellite technology by enabling the mass production of satellite buses, which are the primary structural components of satellites. The recent funding will be instrumental in scaling up production to meet the increasing customer demands. Following the successful launch of its first satellite bus in March, Apex has been preparing to enhance its manufacturing capabilities.
In response to the expanding market needs, Apex recently inaugurated a new factory to ramp up production. Ian Cinnamon, the CEO and founder of Apex, emphasized the strategic importance of this development: "The West cannot achieve the capabilities we need in space at the necessary scale and speed without a productized approach to powering and supporting satellites." He further noted that the recent launch and the numerous sales to commercial, government, and international customers are a testament to Apex's vision and success, making this fundraise a strong vote of confidence in the company’s future.
Founded in 2022, Apex has already raised a total of $122 million, according to Crunchbase. The company is benefiting from the growing interest of investors in the space tech sector.
Investment in space technology has seen a notable rise this year, with VC-backed space tech startups experiencing increased funding. Last year, these startups raised a total of $5.8 billion. However, in the first half of this year alone, space tech startups have already secured $3.3 billion in investments, indicating a significant upward trend.
The new funding secured by Apex is expected to enhance the company’s production capacity, enabling it to provide more efficient and timely services to its clients. The mass production of satellite buses could mark a new era in space technology, as developments in this field continue to attract substantial attention and investment.
As Apex continues to expand its operations and scale up its manufacturing processes, the company is well-positioned to meet the increasing demands of the space technology sector. The successful fundraising and the ongoing production expansion highlight the critical role that Apex is playing in advancing satellite technology and supporting the broader objectives of space exploration and defense.
With this new investment, Apex is set to further solidify its position as a key player in the space technology industry, driving innovation and efficiency in satellite production. The company’s continued growth and strategic developments will be closely watched by industry stakeholders and investors alike, as Apex continues to push the boundaries of what is possible in space manufacturing.