Apex raises $200 million in third round in 14 months, valuation hits $2.3 billion

what happened

Apex Space closed a $200 million funding round led by Glade Brook Capital Partners and Washington Harbour Partners, valuing the satellite-bus manufacturer at $2.3 billion, per SpaceNews and the company's own release. It is Apex's third $200 million round in about 14 months, bringing its total raised to more than $718 million. CEO Ian Cinnamon said Apex is expanding its Factory One campus in Los Angeles and bringing more satellite subcomponents in-house.

why it matters

Apex sells off-the-shelf satellite buses to operators building proliferated constellations, and the round funds ahead-of-need manufacturing capacity rather than a specific contract; a third nine-figure raise in just over a year signals investors betting that demand for standardized buses keeps outpacing any single customer's order book.

signal-to-noise

quick facts

Companies

Apex

Category

financial

Impact

major

SNR

4 / 5

Event date

2026-06-05

Published

2026-08-04 09:43 UTC