Apex Revenue, Valuation, Funding & Investors

Apex is valued at $2.3B as of June 2026.

See full Apex profile

Last Apex valuation

$2.3B

Undisclosed stage · Jun 2026

Last Apex funding round

$200M

Undisclosed stage · Jun 2026

Apex revenue

$18M

Series D · Sep 2025

Key investors in Apex

  • Andreessen Horowitz
  • 8VC
  • Point72 Ventures
  • XYZ Venture Capital
  • Washington Harbour Partners
  • J2 Ventures

Apex Overview

About Apex

Apex is a satellite manufacturer designing and producing small satellites for Earth observation, communications, and scientific missions. The company integrates modular hardware with standardized software to accelerate production and deployment. Apex platforms support responsive space applications through rapid customization for government and commercial clients. Headquartered in Los Angeles, California, the firm leverages scalable manufacturing to deploy constellations via rideshare launch vehicles.


Founded

2022

HQ

United StatesLos Angeles, CA

Status

Privately held

Customer focus

B2B & B2G

Revenue model

Product sales

Revenue

$18M (Sep 2025)

Valuation

$2.3B (Jun 2026)

Apex Valuation

Apex is currently valued at $2.3B, based on its undisclosed-stage round in June 2026.

The $200M round was led by Glade Brook Capital Partners and Washington Harbour Partners.

Apex's valuation has grown 2.3x from $1B at its Series C in April 2025 to $2.3B in June 2026, across 3 priced rounds.

Apex valuation by funding round

Revenue multiple
Apex valuation by funding round
DateStageValuationRevenue Multiple
Jun 2026Undisclosed stage$2.3B-
Sep 2025Series D$1B55.6x
Apr 2025Series C$1B-

Apex Revenue

Apex's latest recorded revenue is $18M, as of its Series D in September 2025. At a $1B valuation, that implies a 55.6x revenue multiple.

Apex revenue by funding round

Apex revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Sep 2025$18M$1B55.6xSeries D

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Apex Funding History

Apex has raised a total of $722M across 6 funding rounds.

Apex's first fundraising round was a $10M seed round in October 2022. The most recent completed round was a $200M undisclosed-stage round in June 2026.

Apex funding rounds

Apex funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026Undisclosed stageGlade Brook Capital Partners (lead); Washington Harbour Partners (lead)$200M$2.3BApex raised over $200 million in new growth funding led by Glade Brook Capital Partners and co-led by Washington Harbour Partners, with participation from new and existing investors, at a post-money valuation of $2.3 billion. The transaction was structured as a convertible preferred stock financing and was announced on June 5, 2026. The capital is intended to accelerate Apex’s expansion of its high-rate satellite manufacturing campus, support further vertical integration of key subsystems, and fund ahead-of-need manufacturing of its productized satellite platforms for proliferated commercial and national security constellations. The company said the raise reflects continued investor demand and follows prior financings that had already pushed its valuation above $1 billion. Apex is a satellite manufacturer focused on productized, configurable satellite bus platforms. The company describes itself as a strategic supplier for US government missions and commercial constellations, and it is expanding production capacity to meet growing demand for satellite manufacturing at scale.
Sep 2025Series DInterlagos Capital (lead); Point72 Ventures; 8VC; Andreessen Horowitz$200M$1BApex is a Los Angeles-based spacecraft manufacturer specializing in mass-produced, productized, configurable satellite bus platforms for government and commercial payloads in communications, sensing, and national security missions. The company designs buses like GEO Aries, Nova, and Comet for large-scale low Earth orbit constellations and has demonstrated reliability with its first Aries spacecraft completing one year on orbit. On September 12, 2025, Apex closed a $200 million Series D funding round led by Interlagos Capital, with participation from existing investors including 8VC, Andreessen Horowitz, and Point72 Ventures. The round boosted Apex's post-money valuation over $1 billion, following a similar $200 million Series C round months earlier. This funding reflects strong investor confidence in Apex's production scaling amid rising demand for proliferated constellations. Proceeds will expand production capacity by 50% through a new 55,000-square-foot facility adjacent to its existing 50,000-square-foot Factory One in Playa Vista, totaling over 100,000 square feet for manufacturing, R&D, vertical integration, mission services, and payload integration. Apex recently acquired Phase Four's Hall-effect Thruster technology to accelerate in-house propulsion production and reduce risks. The company positions itself for opportunities like the Golden Dome missile defense project. Interlagos founder and CEO Achal Upadhyaya highlighted Apex's focus on production rate and scale as critical for national security and commercial constellations, noting their partnership since nearly three years prior. Apex CTO and co-founder Maximilian Benassi emphasized the expansion's role in meeting global demand.
Apr 2025Series C8VC (lead); Point72 Ventures (lead); StepStone Group; Washington Harbour Partners; Andreessen Horowitz$200M$1BApex Space is a Los Angeles-based startup founded in 2022 that designs and manufactures satellite buses to host government and commercial payloads for communications, sensing, national security, Earth-imaging, and missile-tracking missions. The company operates Factory One, a 50,000-square-foot facility, and has leased an adjacent 55,000-square-foot site to expand production capacity by 50%, double manufacturing space, and support R&D, vertical integration, mission integration, and component building. Apex has raised multiple funding rounds, including a $200 million Series C less than five months prior and a $200 million Series D in September 2025 led by Interlagos, with participation from existing investors including 8VC, Andreessen Horowitz, and Point72 Ventures, pushing its valuation past or to $1 billion. Funds will accelerate spacecraft production toward over 200 satellites annually, prepare the first flight of its Nova satellite platform, and develop Project Shadow for 2026. Apex expressed interest in the Trump administration's $175 billion Golden Dome missile defense project involving low-Earth orbit constellations and space-based interceptors, amid rising Pentagon demand for space defense systems dominated by players like SpaceX's Starlink, with hundreds of U.S. defense contractors interested. The company is also expanding internationally via a deal with Hungarian firms 4iG and REMRED for European satellite manufacturing, employs over 230 people, and a January 2026 projection estimated fair market value at $1.2 billion, though recent round valuation details remain non-public beyond the $1 billion mark.
Jun 2024Series BCRV (lead); XYZ Venture Capital (lead)$95M-Apex is a Los Angeles-based satellite manufacturer specializing in productized, off-the-shelf satellite buses like the Aries model, which successfully launched and commissioned its first mission in March 2024. The company focuses on scalable production to meet demand from commercial, government, and international customers, including the U.S. Department of Defense, emphasizing reliable delivery, unit economics, and margins rather than lowest pricing. Apex plans to produce five Aries buses in 2024, ramping to up to 100 by 2026, while developing the larger Nova bus capable of carrying payloads up to 300 kg. On June 11, 2024, Apex closed a $95 million Series B funding round led by early investor XYZ Venture Capital and co-led by CRV, with participation from new investors Upfront, 8VC, Toyota Ventures, Point72 Ventures, Mirae Asset Capital, Outsiders Fund, GSBackers, and existing investors Andreessen Horowitz, Shield Capital, J2 Ventures, Ravelin, plus angels like Robinhood co-founder Baiju Bhatt and Avalon Capital Group founder Ted Waitt. This brings total funding to over $122 million since founding in 2022. The capital will scale production, complete a new Los Angeles factory (Factory One) coming online in Q4 2024 capable of building Aries, Nova, and Comet buses, develop Nova, and double the workforce from around 50 employees by year-end. The round follows flight heritage from the Aries mission, which attracted numerous bus sales and booked orders into 2025, positioning Apex to address bottlenecks in traditional satellite bus manufacturing for mass deployment needs in aerospace and defense. Investors highlight Apex's role in enabling rapid, scalable space capabilities amid rising demand for constellations and essential orbital operations. The funding aligns with growing VC interest in space tech, with startups raising $3.3 billion in the first half of 2024 after $5.8 billion in 2023.
Jun 2023Series AAndreessen Horowitz (lead); Shield Capital (lead); XYZ Venture Capital; J2 Ventures; Cantos; IQT$17M-Apex is a manufacturer of standardized satellite bus platforms for rapid and cost-effective space missions, founded in 2022 and headquartered in Los Angeles, CA. The company generates revenue through direct sales of satellite buses, with pricing ranging from $3.5 million for a basic Aries model to $9.5 million for a fully equipped version. Apex raised $16 million in a Series A round in June 2023, with early investors including Andreessen Horowitz, Shield Capital, CRV, Toyota Ventures, Upfront, and Mirae Asset Capital. The company subsequently raised $95 million in a Series B round in June 2024, $200 million in a Series C round in April 2025 (led by Point72 Ventures and 8VC), and $200 million in a Series D round in September 2025 (led by Interlagos), bringing the company's valuation to over $1 billion post-Series D. Apex aims to scale production to 12 satellites per month by 2028, reaching an annual output of 144 units.
Oct 2022SeedAndreessen Horowitz (lead); Sam Kirschner; Jacob Helberg; Village Global; Kohala Ventures; Justin Hamilton; Lux Capital; Christopher Benassi; Larry Braitman; AJ Scaramucci; J2 Ventures; Joshua Steinman$10M--

Who has invested in Apex?

23 investors have backed Apex across its funding rounds, including Andreessen Horowitz, 8VC, Point72 Ventures, XYZ Venture Capital, Washington Harbour Partners and J2 Ventures.

Lead investors include Glade Brook Capital Partners, Washington Harbour Partners, Interlagos Capital, 8VC, Point72 Ventures and 4 other investors.


Apex Investors

Investors in Apex by funding rounds participated
InvestorHQRoundsRoleFirst check
Andreessen HorowitzUnited StatesSan Francisco, CA4LeadOct 2022
Point72 VenturesUnited StatesNew York City, NY2LeadApr 2025
XYZ Venture CapitalUnited StatesSan Francisco, CA2LeadJun 2023
8VCUnited StatesSan Francisco, CA2LeadApr 2025
Washington Harbour PartnersUnited StatesUnited States2LeadApr 2025
J2 VenturesUnited StatesBoston, MA2ParticipantOct 2022
Sam KirschnerUnited StatesSan Francisco, CA1ParticipantOct 2022
Jacob HelbergUnited StatesNew York City, NY1ParticipantOct 2022
Village GlobalUnited StatesLos Angeles, CA1ParticipantOct 2022
Kohala VenturesUnited StatesSan Francisco, CA1ParticipantOct 2022
Interlagos CapitalUnited StatesLos Angeles, CA1LeadSep 2025
Justin HamiltonNew ZealandWellington1ParticipantOct 2022
Glade Brook Capital PartnersUnited StatesGreenwich, CT1LeadJun 2026

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Apex Competitors

Apex competitors include listed companies like Intuitive Machines, Hunan Aerospace Huanyu, OHB and Orbita Aerospace, and private ones like SpinLaunch and Muon Space.

Public and private companies comparable to Apex
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Intuitive MachinesUnited StatesUnited StatesPublicly listed$207M($111M)$2.4B5.0x
Hunan Aerospace HuanyuChinaChinaPublicly listed$68M$14M$2.4B-
SpinLaunchUnited StatesLos Angeles, CAPrivate--$2B-
Muon SpaceUnited StatesSan Francisco, CAPrivate--$1.5B-
OHBGermanyGermanyPublicly listed$1.4B$141M$4.2B2.3x
Orbita AerospaceChinaChinaPublicly listed$41M($21M)$1.2B-
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Voyager Technologies$166M($90M)14.4x9.5x(26.8x)(17.3x)
Intuitive Machines$207M($111M)17.6x5.0x(32.9x)(265.1x)
Applied Aerospace & Defense$604M$96M4.3x-27.0x-
Hunan Aerospace Huanyu$68M$14M36.3x-182.5x-
Eutelsat$1.4B$483M2.9x2.9x8.6x5.6x
Bet Shemesh Engines$314M$68M7.9x-36.8x-
SES$3B$1.2B3.3x2.8x8.7x6.2x
AECC Aero Science$645M$88M3.8x3.9x27.6x-

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Common questions about Apex

When was Apex founded?Apex was founded in 2022.
Where is Apex headquartered?Apex is headquartered in Los Angeles, CA, United States.
Is Apex publicly listed?No, Apex is a private, VC-backed company.
What is Apex's valuation?Apex was last valued at $2.3B in its undisclosed-stage round in June 2026.
How much funding has Apex raised?Apex has raised $722M across 6 funding rounds.
What was Apex's last funding round?Apex's last funding round was a $200M undisclosed-stage round in June 2026, led by Glade Brook Capital Partners and Washington Harbour Partners.
Who are Apex's investors?Apex's investors include Andreessen Horowitz, Point72 Ventures, XYZ Venture Capital, 8VC, Washington Harbour Partners, J2 Ventures, Sam Kirschner, Jacob Helberg, Village Global, Kohala Ventures and 13 others.
What is Apex's revenue?Apex's latest recorded revenue is $18M (September 2025).
What is Apex's revenue multiple?Apex's latest valuation implies a 55.6x revenue multiple ($1B valuation on $18M of revenue).
Which companies are comparable to Apex?Companies comparable to Apex include Intuitive Machines, Hunan Aerospace Huanyu, SpinLaunch, Muon Space, OHB and Orbita Aerospace.

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