Overview

• Interlagos led the round, with the venture firm founded by former SpaceX employees taking Apex’s valuation above $1 billion.
• Apex will lease a second building next to its Factory One in Los Angeles, targeting a 50% output increase from 12 to 18 satellite buses per month.
• The company is acquiring Hall Effect thruster technology, including personnel and hardware, from Phase Four to bring propulsion capabilities in-house.
• Management says production is sold out through this year, with buses booked through the end of 2027 and into 2028.
• Apex reports delivering a bit over half a dozen satellites to customers and continues operating its first spacecraft launched 18 months ago.