Satellite bus maker Apex in talks to raise $500 million at a $4 billion valuation
Los Angeles satellite maker Apex is in talks to raise about $500 million in a new round at a roughly $4 billion valuation, Bloomberg reports, nearly double the $2.3 billion mark from its June round. Washington Harbour Partners is set to lead the round, with existing investors Andreessen Horowitz and XYZ Venture Capital also participating; the valuation includes the new capital. Apex builds standardized satellite buses, its Aries, Nova and Comet platforms, at industrial scale for government and commercial customers, and is teaming with Northrop Grumman on space-based interceptors for the Golden Dome missile defense programme. The talks are reported, not confirmed by the company.
DTT summary based on Bloomberg's report. The full article is on the publisher's site.
About $500 million at a roughly $4 billion valuation (includes the new capital); reported by Bloomberg, not confirmed by Apex
Washington Harbour Partners set to lead; existing backers Andreessen Horowitz and XYZ Venture Capital participating
$200 million in June 2026 at a $2.3 billion valuation, led by Glade Brook Capital Partners; third $200 million round in about 14 months
Founded 2022 in Los Angeles by Ian Cinnamon (CEO) and Max Benassi (CTO); builds productized satellite buses (Aries, Nova, Comet) at industrial scale
Teaming with Northrop Grumman on space-based interceptors for Golden Dome; Project Shadow, its commercial SBI demo, planned to fly on the Nova bus
