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Startup · United States

Apex

HQ Los AngelesFounded 2022201-500 employees

Los Angeles satellite-bus manufacturer; running Project Shadow, a privately funded on-orbit space-based interceptor demonstration.

Website

Funding6 rounds · $719M

Equity raised
$719M
Latest
$200MGrowth · Jun 5, 2026
Last valuation
$2.30B?Basis not stated · Growth · Jun 5, 2026
Cumulative raised$719M
Oct 24, 2022Jun 5, 2026
Valuation over time$2.30B · Jun 5, 2026
Valuation over timeReported valuation rose from $1.00B (Sep 12, 2025) to $2.30B (Jun 5, 2026) across 2 valued rounds. 2 without a stated pre/post basis.
Valuations by round
AnnouncedStageValuationBasis
Sep 12, 2025Series D$1.00BBasis not stated
Jun 5, 2026Growth$2.30BBasis not stated

Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.

Systems8

Aries

A configurable satellite bus platform.

Maturity not rated

Comet Mini

A high‑power satellite bus that can be deployed in multiple launch configurations for constellation deployment on heavy launch vehicles.

Maturity not rated

Comet XL

A high-power satellite bus for heavy launch vehicles.

Maturity not rated

GEO Aries

A highly‑maneuverable, multi‑mission GEO satellite platform designed for proliferated GEO missions.

Maturity not rated

LEO Aries

A configurable satellite bus for low Earth orbit.

Maturity not rated

Nova

An adaptable LEO satellite bus that serves as a workhorse for proliferated constellations and high‑altitude remote‑sensing missions.

Maturity not rated
View all 8 systems →

Newest unveiled first. Open a system for its milestone timeline, components and sources.

Capabilities1

  • Developer
    Project Shadow, privately funded; launch slated June 2026 (outcome not confirmed in sources gathered).
    DevelopmentReported

Maturity and TRL describe this organization's work; the field-wide maturity is on each technology's page.

Sources22

Show all 22 sources and supporting evidence

Profile2

  1. 1

    Apex · Supports Organization · name

    “Apex - Productized Satellite Platforms”
  2. 2

    PitchBook · Supports Organization · employee range, Organization · linkedin url

    “employee_range: 201-500 (profile: 345)”

Systems6

  1. 3

    Apex · Oct 22, 2025 · Supports Organization, Organization technology, System, System · system input:leo-launch, System · system input:solid-rocket-motors

    “Founded in 2022 by Ian Cinnamon and Max Benassi, Apex manufactures scalable spacecraft solutions for both commercial and government customers.”
  2. 4

    Apex · Supports System

    “Our three product lines — Aries, Nova, and Comet — serve a broad range of customer missions with configurable designs optimized for operations across orbital regimes.”
  3. 5

    Apex · Supports System

    “LEO Aries is a highly-configurable, mid-sized LEO platform with flight heritage that comes in multiple power, propulsion, and GNC configurations. LEO Aries is currently in serial production.”
  4. 6

    Apex · Supports System

    “GEO Aries is a highly-maneuverable, multi-mission platform designed to support high ΔV GEO missions while maximizing payload capacity in an ESPA payload envelope.”
  5. 7

    Apex · Supports System

    “Nova is a highly adaptable LEO constellation workhorse with multiple layers of built-in redundancy to maximize reliability and serve customers across a wide range of demanding LEO missions.”
  6. 8

    Apex · Supports System

    “An Orbital Magazine is a spacecraft platform that hosts space-based interceptors (SBIs) in orbit. In addition to offering keep-alive capabilities before deployment, the Orbital Magazine will receive fire control signals, deploy one or multiple interceptors, and keep a consistent line of communication with the interceptor for IFTUs and other critical applications.”

Funding13

  1. 9

    U.S. Securities and Exchange Commission · Jul 22, 2026 · Supports Funding round

    “Total Amount Sold $ 156,849,785 USD”
  2. 10

    Apex · Jun 5, 2026 · Supports Funding round · amount, Funding round · post money valuation usd

    “today announced it has raised over $200 million in new growth funding, nearly doubling the company’s valuation to $2.3 billion”
  3. 11

    U.S. Securities and Exchange Commission · Oct 2, 2025 · Supports Funding round

    “Total Amount Sold $ 151,900,000 USD”
  4. 12

    PR Newswire · Sep 12, 2025 · Supports Funding round · amount

    “announced its $200 million Series D funding round led by Interlagos, boosting the company's valuation over one billion dollars”
  5. 13

    SpaceNews · Sep 12, 2025 · Supports Funding round · post money valuation usd

    “a new funding round that values the company at more than $1 billion.”
  6. 14

    U.S. Securities and Exchange Commission · Apr 30, 2025 · Supports Funding round

    “Total Amount Sold $ 158,150,000 USD”
  7. 15

    PR Newswire · Apr 28, 2025 · Supports Funding round · amount

    “announced its $200 million Series C funding round. The funding round was led by Point72 Ventures and co-led by 8VC”
  8. 16

    U.S. Securities and Exchange Commission · Jun 13, 2024 · Supports Funding round

    “Total Amount Sold $ 71,877,425 USD”
  9. 17

    PR Newswire · Jun 12, 2024 · Supports Funding round · amount

    “today announced its $95 million Series B funding round. The funding round was led by XYZ Venture Capital, an early investor in the company, and co-led by CRV”
  10. 18

    U.S. Securities and Exchange Commission · Jun 29, 2023 · Supports Funding round

    “Total Amount Sold $ 15,558,757 USD”
  11. 19

    TechCrunch · Jun 22, 2023 · Supports Funding round · amount

    “has closed a $16 million Series A round co-led by Andreessen Horowitz and new investor Shield Capital”
  12. 20

    U.S. Securities and Exchange Commission · Oct 25, 2022 · Supports Funding round

    “Total Amount Sold $ 7,815,000 USD”
  13. 21

    TechCrunch · Oct 24, 2022 · Supports Funding round · amount

    “emerged from stealth Monday with a $7.5 million seed round led by Andreessen Horowitz”

People1

  1. 22

    Crunchbase via Bright Data · Supports Role · founders

    “{"founders": [{"id": "ian-cinnamon", "type": "person", "value": "Ian Cinnamon"}, {"id": "maximilian-benassi-7293", "type": "person", "value": "Maximilian Benassi"}]}”

Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.