Apex

Apex

Manufactures ESPA-class satellites and bus

Overview

Apex Space designs and builds ESPA-class satellite buses like the Aries bus for space missions. The Aries bus can host payloads up to 94 kilograms with a total wet mass of up to 197 kilograms, enabling missions in LEO and compatibility with MEO, GEO, and deep space. They sell customizable satellite buses to government, commercial, and research clients for Earth observation, communications, and science, with options for performance upgrades and post-reservation configurations. They differentiate themselves with guaranteed on-time delivery, high reliability, and transparent pricing, aiming to provide reliable, configurable platforms that simplify access to space for diverse missions.

About Apex

Simplify's Rating
Why Apex is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Government & Public Sector

Aerospace

Defense

Company Size

201-500

Company Stage

Late Stage VC

Total Funding

$718.5M

Headquarters

Los Angeles, California

Founded

2020

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Simplify's Take

What believers are saying

  • Apex secured a Northrop Grumman partnership for Golden Dome missile defense interceptor demonstrations.
  • Apex raised $200 million in June 2026 at a $2.3 billion valuation, its third such round in 14 months.
  • Apex introduced Comet Mini and Comet XL platforms in April 2026 targeting high-power orbital compute missions.

What critics are saying

  • Northrop Grumman was selected as primary Golden Dome partner, sidelining Apex to a secondary supplier role.
  • Project Shadow's self-funded demo risks a >$200 million cost loss if fire-control tests fail by June 2026.
  • Tesla's Starshield and SpaceX's Starship dominance could undercut Comet XL pricing by 40% within 12–18 months.

What makes Apex unique

  • Apex applies automotive-grade precision via Toyota Racing Development for high-volume satellite bulkheads.
  • Apex achieves near-total vertical integration by acquiring Phase Four propulsion assets in-house.
  • Apex sells standardized satellite buses faster than production capacity, with slots sold through 2028.

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Funding

Total Funding

$718.5M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:
Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Shared upside

Best-in-class healthcare

Comprehensive PTO package

Competitive 401(k) plan

8 weeks paid parental leave

Daily catered lunch and unlimited snacks

Vibrant community

Your dream desk setup

World-class Playa Vista office

Real impact opportunity

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

0%

2 year growth

-1%
TrendPulse
Jul 14th, 2026
Toyota Racing Development partners with Apex for satellites.

Toyota Racing Development partners with Apex for satellites. TrendPulse AI Analysis This article covers business trends, sourced from Fortune. Its AI system has analyzed the key points and extracted the most relevant insights for decision-makers. Below is the structured breakdown of the original content. Quick summary. * Toyota Racing Development (TRD) is applying high-volume automotive manufacturing precision to the production of satellite components for the aerospace startup Apex. * This partnership aims to bridge the gap between bespoke, low-volume aerospace manufacturing and the high-scale, rigorous quality standards required for modern satellite constellations. * With an estimated 100,000 satellites projected for launch over the next five years, the collaboration highlights a strategic shift toward industrializing space hardware production. Key details. Apex, a Los Angeles-based startup valued at $2.3 billion, is leveraging the expertise of Toyota Ventures to revolutionize how satellites are built. By partnering with TRD, the team behind Toyota and Lexus race cars, Apex is adopting automotive supply chain and quality control methodologies to produce structural components like bulkheads and base decks. These parts require extreme precision, mirroring the "ridiculous tolerances" demanded by high-performance racing. "Race cars are the prime example, in everything from how you manage your supply chain, to how you think about the quality bar. When you're dealing with a race car going 100-plus miles per hour, carrying a human, that thing cannot fail. And you need to be building them at some scale." This collaboration addresses a fundamental bottleneck in the aerospace sector: the reliance on slow, artisanal manufacturing processes. Apex cofounder Ian Cinnamon argues that the future of space infrastructure depends on standardized, high-quality production that mimics the automotive industry's ability to scale. TRD serves as the ideal partner, operating in the "middle ground" between mass-market vehicle production and the ultra-precise, low-volume requirements of traditional aerospace engineering. Why this matters. This partnership signals a broader trend of cross-industry pollination, where automotive manufacturing prowess is becoming a critical asset for the burgeoning space economy. As the demand for satellite constellations grows, the ability to produce reliable hardware at scale will determine which companies dominate the orbital landscape. Investors should view this as a validation of "industrialized space," where the winners will be those who can reduce costs through manufacturing efficiency rather than relying on traditional, high-cost aerospace methods. For industry professionals, this shift suggests that the next wave of aerospace innovation will not come from traditional rocket science alone, but from the integration of automotive-grade supply chain management. Companies that successfully adapt these high-volume, high-precision techniques will likely capture significant market share as the orbital environment becomes increasingly crowded and commercially vital. The bottom line. By importing automotive manufacturing scale into the aerospace sector, Toyota and Apex are setting a new standard for the rapid, reliable production of critical satellite infrastructure. Original source: Fortune This article has been processed and analyzed by TrendPulse AI for informational purposes. Content may have been summarized or restructured for clarity.

Orbital Today
Apr 11th, 2026
Apex targets missile defence and orbital compute with new satellite platforms.

Apex targets missile defence and orbital compute with new satellite platforms. 11 April 2026 Credit: Apex Satellite Apex Satellite is expanding beyond its original small-satellite niche with two new, larger platforms aimed at defence and high-power commercial missions. Two new platforms: Comet Mini and Comet XL. Apex has introduced Comet Mini and Comet XL, both designed for payloads that need far more power than its existing Aries, Nova and Comet buses. Comet Mini is planned to deliver around 20 kW of power. This is roughly four times the output of the current Comet platform. It can host payloads of about 450 kg when 16 satellites are stacked on a Falcon 9. Alternatively, it can support roughly 1,000 kg per satellite in an eight-stack configuration. Customised versions can handle payloads of up to 3,000 kg. Comet XL is sized for super-heavy launchers such as SpaceX's Starship. It is designed for peak power levels of up to 100 kW. This places it in a class intended for large, power-hungry missions, including space-based computing and sensor-heavy defence architectures. Golden Dome and orbital compute. The move follows growing interest in space-based missile defence and in-orbit computing. The U.S. The Golden Dome concept relies on proliferated LEO constellations with advanced sensors and onboard processing. This drives requirements for higher power and greater mass capacity. In parallel, Starcloud and other companies are developing orbital data centres. They have raised substantial funding for satellites designed to run compute workloads in space. These systems also depend on sustained high-power operation. Apex's new buses are configured to support these types of missions rather than only traditional smallsat communications or Earth-observation payloads. Production and funding background. Founded in 2022, Apex has raised multiple rounds, including a $200 million Series D in 2025 that valued the company at over $1 billion. The funding is being used to expand manufacturing capacity in Los Angeles and to integrate technologies such as Hall-effect thrusters acquired from Phase Four. By late 2025, Apex reported that production slots for its existing buses were sold out through 2027 and into 2028. Comet Mini, targeted for availability around 2028, and Comet XL, tied to Starship-class launch availability, extend that roadmap into the higher-power segment of the satellite bus market. Last updated: 11th Apr 2026 Published by Natalia Nichyshyna Space 11 April 2026

Satnews Publishers
Apr 11th, 2026
Northrop Grumman contracted for Hungary's HUGEO sovereign communications satellite.

Northrop Grumman contracted for Hungary's HUGEO sovereign communications satellite. April 11, 2026 In a definitive step toward national space sovereignty, 4iG Space and Defence Technologies signed a multi-hundred million dollar agreement with Northrop Grumman on Tuesday, April 7, 2026, to develop Hungary's first geostationary communications satellite. The satellite, designated HUGEO, serves as the cornerstone of the broader HUSAT (Hungarian Satellite) program, which aims to provide independent dual-use orbital capabilities for the nation. Anchoring the HUSAT strategic initiative. The HUGEO contract was finalized during a high-level diplomatic visit to Budapest, attended by U.S. Vice President J. D. Vance and Hungarian Minister of National Economy Márton Nagy. The project represents the most significant international collaboration within the HUSAT program to date. The HUSAT initiative is designed to ensure Hungary's technological autonomy in satellite communications and Earth observation (EO). Alongside the HUGEO geostationary element, the program includes the development of eight low Earth orbit (LEO) satellites, known as HULEO, which are slated for domestic manufacturing at 4iG's technology center in Hungary. Technical parameters of the HUGEO mission. Under the terms of the agreement, Northrop Grumman will lead the design, assembly, integration, and testing of HUGEO. The satellite will be built upon the flight-proven GEOStar-3 bus, a platform optimized for medium-to-high power missions requiring high reliability for national security and commercial applications. Northrop Grumman is also tasked with launch integration, early operations support, and the provision of ground segment components in collaboration with international partners, including Germany's Vertex for antenna systems. Executive commentary. "Today, we signed a landmark agreement with Northrop Grumman to secure Hungary's access to critical dual-use satellite communications capabilities, a key enabling technology in today's geopolitical environment," said Dr. István Sárhegyi, Chairman and CEO of 4iG Space and Defence. "We believe transatlantic cooperation will be a key driver of space and defense innovation in the coming decade, in which 4iG S&D aims to play a pioneering role." Regional industrial outlook. The partnership extends beyond the HUGEO satellite. 4iG and Northrop Grumman have amended their existing Memorandum of Understanding (MoU) to include joint development in counter-unmanned aerial systems (C-UAS), advanced weaponry, and precision guidance systems. Simultaneously, 4iG announced framework agreements with Apex Technology to establish a European joint venture for scalable small-satellite production and with L3Harris Technologies for the integration of HIMARS rocket systems onto Hungarian-made Tatra trucks. These moves position 4iG as a primary regional integrator for NATO-compatible technologies, with HUGEO serving as the primary orbital relay for these upcoming defense digitalization projects.

Kongsberg Satellite Services
Mar 24th, 2026
Apex and KSAT join forces to accelerate satellite missions with streamlined, end-to-end capabilities.

Apex and KSAT join forces to accelerate satellite missions with streamlined, end-to-end capabilities. Apex and Kongsberg Satellite Services (KSAT) have entered a strategic partnership. By combining Apex's productized, mass-produced satellite bus platforms with KSAT's global ground station network, mission operations, and integrated services, the companies aim to help satellite owners deploy and operate missions faster and more efficiently. 24 Mar 2026 Apex, a manufacturer of productized, mass-produced satellite buses, and Kongsberg Satellite Services (KSAT), a global provider of integrated mission services, are pleased to announce a strategic partnership to provide satellite owners with streamlined end-to-end mission capabilities - from spacecraft manufacturing through on-orbit operations and data delivery. The collaboration combines Apex's scalable, productized satellite bus platforms with KSAT's global ground station network, mission operations, and integrated services, enabling customers to deploy space missions faster and operate them more efficiently. "Partnering with Apex allows us to offer satellite owners a more streamlined path from spacecraft to operations," said Marte Indregard, CEO and President of KSAT. "Together we aim to reduce complexity and shorten deployment timelines by providing seamless access to KSAT's global infrastructure and experienced personnel, allowing customers to focus on their missions." Through the partnership, customers building missions on Apex satellite buses will gain seamless access to KSAT's integrated mission services, including launch and early orbit support, mission planning, satellite operations, and global ground station connectivity. "This partnership allows Apex customers to approach their constellations as an integrated system from day one," said Ian Cinnamon, Apex CEO and Co-Founder. "By combining both companies' capabilities, we're delivering an end-to-end solution that goes beyond the bus platform, enabling customers to orchestrate the full benefits of their satellite data from mission inception." The companies will work together to deliver integrated spacecraft and operations architectures designed to reduce complexity, shorten deployment timelines, and increase mission reliability. KSAT operates the world's largest commercial ground station network and provides mission services to government and commercial satellite owners worldwide. The partnership with Apex expands KSAT's ability to support next-generation satellite platforms and rapidly growing constellations. Under the agreement, the companies will collaborate on mission architecture, interoperability between spacecraft and ground systems, and joint offerings for commercial, civil, and defense missions. The partnership will initially focus on supporting low Earth orbit (LEO) satellite missions, with opportunities to expand into additional orbital regimes and mission types over time. The agreement was signed at Satellite in Washington DC 24th March, by KSAT CEO and President Marte Indregard and Apex CEO and Co-founder Ian Cinnamon:

Japan Industry News
Mar 19th, 2026
NEC to develop technology demonstration satellite for optical communications.

NEC to develop technology demonstration satellite for optical communications. NEC Corporation has announced plans to develop a small technology demonstration satellite aimed at verifying key technologies for future optical communication satellite constellations. This initiative is part of NEC's efforts to advance optical communications, high-speed network routing design, and high-capacity millimeter-wave band communications. The design phase of the satellite-mounted equipment, or payload, has been completed, with manufacturing and integration into the satellite bus scheduled for fiscal year 2027. In satellite constellations where numerous satellites collaborate, optical communication is increasingly favored over conventional radio to avoid interference and enable high-capacity data transmission. NEC highlights the need to shorten development and manufacturing times and reduce costs to equip a large number of small satellites with optical communication devices. The company emphasizes the importance of utilizing general-purpose technologies that are highly functional and have a proven track record of mass production. The technology demonstration satellite will conduct several demonstrations in orbit to enhance competitiveness. These include evaluating a radiation-hardened design for commercial optical transceivers, operational verification of high-speed network routing processing technology using a Versal Adaptive SoC device from AMD, and demonstrating next-generation millimeter-wave band communication technology. NEC plans to demonstrate the effectiveness of integrating its satellite technology assets with generative AI for application development. The satellite bus will consist of the compact Aries satellite bus, an existing product of U.S.-based Apex Technology. Apex Technology CEO Ian Cinnamon expressed enthusiasm for partnering with NEC, highlighting the collaboration as an example of how mass-manufactured spacecraft can enable next-generation constellations globally. NEC's Yasushi Yokoyama noted that the demonstration results would be utilized in ongoing research and development projects under various economic security and space strategy programs. The project underscores NEC's commitment to advancing technological development for new space digital infrastructure, with a focus on safety, security, fairness, and efficiency.

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