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Apex Space

Unicorn · $2.3B

Los Angeles, US · Founded 2022 · 391 employees on LinkedIn · 18 known investors

Apex manufactures productized satellite bus platforms at scale for constellation deployment and critical missions. The company provides standardized, configurable spacecraft designed to reduce production timelines and cost while serving U.S. and allied space operators across multiple orbital regimes.

Also known as Apex · Apex Space

Founders & leadership

Apex Space was founded in 2022 by Ian Cinnamon and Max Benassi.

ICIan Cinnamon
Ian Cinnamonin𝕏Co-Founder & Chief Executive OfficerBefore starting Apex in 2022, Ian was an investor and entrepreneur in residence at Village Global and worked on aerospace and AI business development at Palantir Technologies. He earlier founded Synapse Technology Corporation, a security screening company that was acquired, and Superlabs, which was acquired by Zynga, where he held product roles including director of product; he studied at MIT and Stanford GSB and went through Y Combinator.
MBMax Benassi
Max Benassiin𝕏Co-Founder & Chief Technology Officer

Investors · 18

Valuation · disclosed

Disclosed events
$2.3Bvaluation at Additional fundraisingJan 2025
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Apex designs and manufactures productized, configurable satellite bus platforms intended to shorten spacecraft delivery timelines from years to weeks. The company positions scaled satellite manufacturing — rather than launch access — as the remaining bottleneck in deploying proliferated, attritable constellations, and addresses it with standardized bus designs that customers configure using pre-engineered configuration packages rather than commissioning bespoke spacecraft.

The product portfolio spans three lines supporting missions in LEO, MEO and GEO. Aries supports payloads up to 150 kg (100 kg on SpaceX rideshare) with 175+ W payload orbit-average power at five-year end-of-life, and in a variant up to 120 kg on a 15-inch ESPA port with 125+ W. Nova supports up to 300 kg of payload, with additional capacity in dedicated launch configurations, and 1 kW payload power at seven-year end-of-life; it is offered in Mini and XL variants. Comet supports payloads up to 3,000 kg with 8 kW payload orbit-average power and 20 kW peak, across multiple launch configurations. Alongside the buses, Apex offers end-to-end mission services covering space vehicle analysis, payload integration and on-orbit commissioning.

Manufacturing is centred on Factory One in Los Angeles, California, described as already in rate production with peak annual capacity of more than 200 buses per year. The facility includes a cell-based subassembly production floor, a linear integration cleanroom and a 66,000-lbf vibration table, and is planned to exceed 100,000 square feet by the end of 2026 to add bus assembly, vertical integration, platform R&D and mission-services capacity. Production is coordinated by a proprietary operating system called Octopus, which links inventory management, production scheduling and assembly work instructions in a single environment.

Business model

Apex sells standardized satellite bus platforms that customers configure to mission requirements, supplemented by end-to-end mission services spanning vehicle analysis, payload integration and on-orbit commissioning. Buses are marketed with configuration packages and a self-serve online configuration flow.

Traction

The company states that buses are being built and delivered to customers at rate, that Factory One is already in rate production with peak capacity of over 200 buses per year, and that it serves a range of government and commercial customers.

Latest developments

Apex announced additional fundraising at a $2.3 billion valuation to scale high-rate satellite production for proliferated constellations, and plans to expand Factory One beyond 100,000 square feet by the end of 2026.

Full profile — market position, technology, go-to-market, geography

Market position

Positions itself as a high-rate satellite bus manufacturer serving both government and commercial customers, aiming to remove the satellite production bottleneck in constellation deployment.

Standardized bus platforms with built-in configurability instead of bespoke spacecraft; serial production at a purpose-built facility with stated capacity above 200 buses annually; proprietary manufacturing software; delivery quoted in weeks rather than years.

Technology

Productized, design-for-manufacturing spacecraft buses combining traditional aerospace engineering with new-space methods and high-rate terrestrial manufacturing practices. Platforms cover payloads from 150 kg (Aries) through 300 kg (Nova) to 3,000 kg (Comet), with payload power from 125+ W to 8 kW orbit-average (20 kW peak). Octopus, an in-house manufacturing operating system, unifies inventory, scheduling and work instructions and adjusts to changing demand.

Go-to-market

Direct sales supported by an online platform configurator that lets customers specify a bus and request delivery, plus mission-services offerings that cover the full mission lifecycle.

Government and commercial space operators deploying next-generation and proliferated constellations, including responsive space security missions, across LEO, MEO and GEO. Products are marketed as made in America.

Geography

Headquarters and manufacturing at Factory One in Los Angeles, California, United States.

Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Aries payload capacityJan 2025150 kg
Comet payload orbit-average powerJan 20258 kW
Factory One peak annual production capacityJan 2025200 satellite buses per year
Factory One planned sizeJan 2026100,000 sq ft
HeadcountAug 2026391
Maximum payload capacity (Comet platform)Jan 20253,000 kg
Nova payload capacityJan 2025300 kg
Vibration table capacity at Factory OneJan 202566,000 lbf

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 4

by search overlap

Companies competing with Apex Space for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 1 SBIR/STTR award

Federal grants — no equity taken
AgencyPhaseYearAmount
Department of DefensePhase II2023$1.2M

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Timeline · 2

launches, deals, and filings
Jan 2026
Factory One expansion to over 100,000 sq. ft.

Apex states Factory One in Los Angeles will exceed 100,000 sq. ft. by the end of 2026, adding capacity for bus assembly, vertical integration, platform R&D and end-to-end mission services.

source ↗

Jan 2025
Apex announces additional fundraising at $2.3B valuation

Apex announced additional fundraising at a $2.3 billion valuation to scale high-rate satellite production for proliferated constellations.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 1

primary sources listed

1 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Apex Space do?
Apex builds configurable, productized satellite bus platforms at high rate for proliferated constellations and government missions.
Who founded Apex Space?
Apex Space was founded by Ian Cinnamon, Max Benassi in 2022.
Who are Apex Space's investors?
Apex Space's investors include Andreessen Horowitz, Balerion Space Ventures, CRV (Charles River Ventures), Embedded Ventures, Glynn Capital Management, J2 Ventures, Kohala Ventures, Outsiders and 10 more.
Where is Apex Space headquartered?
Apex Space is headquartered in Los Angeles, US.