Apex Raises $200M At $2.3B Valuation
Apex Space has closed a $200M funding round raised at a $2.3B valuation, the company announced on Friday. Glade Brook Capital Partners led the round, which also included participation from Washington Harbour Partners and other new and existing investors. Apex CEO Ian Cinnamon said the company is raising capital as it sees investor interest, and not labeling the funding as a specific series. Raking it in: It’s the company’s third $200M round in about 14 months. Apex announced a $200M Series C in April 2025, and a $200M Series D in September. The company will use the latest funding to add 30,000 sq. ft. to its factory in California, manufacture more subsystems in house, and build satellites ahead of a customer’s order in support of its business model to enable operators to buy a pre-made bus off the shelf. “Over time, we’ll get to 100% vertical integration as we scale up and need to source higher volume of parts,” Cinnamon told reporters. To oversee this growth, Apex is bringing Michael Kopet onboard as CFO. He was previously the VP of finance at Axon, a company building tech for public-safety missions. Zoom out: Apex is still expecting to launch Project Shadow—its commercial space-based interceptor (SBI) demo—this summer. The mission will be the first to launch aboard Apex’s mid-size bus, Nova. The company also announced Monday that it would team up with Northrop Grumman on developing SBI sats for Golden Dome—though Apex is pursuing its Project Shadow mission separately in parallel. Related Stories Impulse Space Closes $500M Series D “Often in a fundraise like this, there’s some narrative of, ‘Okay, well, now we move into this new line of business, or now we go build the factory in Ohio,’” President and COO Eric Romo told Payload. “There’s none of that here. This is really about, ‘We need more of the same. We need to continue on the same trajectory we’re on.’” Observable Space Raises $90M Series A Space-tech startup Observable Space has closed a $90M Series A to boost its production of laser and optical hardware—in addition to expanding internationally beyond the US. Star Catcher Closes $65M Series A B Capital led the round, which was co-led by Shield Capital and Cerberus Ventures. More Stories A rendering of Vast’s Haven-1 docked to SpaceX’s Dragon vehicle. Image: Vast The ISS may be winding down, but Europe’s access to LEO isn’t going anywhere. Two commercial space station companies—Vast and Axiom Space—announced this week they would establish new offices in France and Switzerland, respectively, with the aim of forming closer ties with future European customers. Vast’s agreement with the French government included provisions to send two French astronauts on future flights to LEO. Vast is the first commercial space station company to announce crew placements on future private space stations:
Source: Payload Space